Tuesday, October 22, 2013

Amazon Moving Into New Vancouver Office Tower

Telus Garden, a new a $750-million complex under construction near Pacific Centre that's taking up most of the block bound by Robson, Seymour, Georgia and Richards in downtown Vancouver, has a new tenant this week as the Seattle-based online retailer Amazon has reportedly committed to 91,000 square feet of space in the new office tower. Colliers International confirmed to Curbed that Amazon will be leasing the space (without disclosing terms of the deal), and could also end up taking about 156,000 square feet of space.

Amazon is expected to move into the space in 2015 after the tower is completed, and it's speculated that the company's entrance into the area could create anywhere from 100 to 1,000 new jobs in Vancouver. When completed, Telus Garden will consist of two buildings: a 53-story residential tower and a 24-story commercial tower, plus retail space.

In a statement emailed to BCBusiness, Mayor Gregor Robertson said, "Amazon creating such an impressive number of new jobs represents a major boost to Vancouver's economy and our city's fast-growing technology sector. This news is yet another strong example of how Vancouver is emerging as an innovation powerhouse."

For more news and information visit Blumberg Capital Partners.

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