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#181 Chris City

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Posted 19 May 2015 - 08:21 AM

Is this the place that caught fire last night?



#182 Mike K.

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Posted 19 May 2015 - 08:35 AM

Can you provide more details? The Metalabs office will be moving into a space at the foot of Yates.


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#183 Chris City

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Posted 19 May 2015 - 08:40 AM

Not sure how to post links, but there is an article on the TC's site. $20,000 damage.



#184 Mike K.

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Posted 19 May 2015 - 08:42 AM

Thanks. To post a link just copy and paste it. Copyright laws also allow you to post a couple of paragraphs from the actual article with a link back to the source.


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#185 sebberry

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Posted 19 May 2015 - 09:01 AM

524 Yates


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#186 timw11

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Posted 19 May 2015 - 12:58 PM

Hi guys—COO of MetaLab here. I was on site from 2-7AM this morning dealing with the fire issue at 524. 

 

Some things to be grateful about: no one was hurt, the building didn't burn down, and the fire suppression systems all worked as intended. The damage was largely localized and the cause has yet to be determined.

 

The majority of the damage was caused by the water from the sprinklers and the smoke that has gotten into all soft surfaces which will all need replacing. Unfortunately the basement took a lot of water. Remediation crews are on site getting the moisture and water out as we await a final ruling on the cause of the fire. Then we'll be tearing up the floors to see how bad it is (there's a good inch of hollow space between the wood floors and the concrete subfloor). 

 

It could have been much more devastating, but the timing is horrendous—we were scheduled to move in this Saturday. 


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#187 Mike K.

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Posted 19 May 2015 - 01:02 PM

Thank you for the update and sorry to hear about your ordeal. As you say, luckily it wasn't any worse.

 

Hopefully the cause can be determined and your insurance can cover the damage.


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#188 timw11

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Posted 19 May 2015 - 01:04 PM

Everyone is very well insured luckily, and it shouldn't be an issue having most things covered. Again, happy that no one was hurt and the fire damage was limited. 

 

Feel free to PM me if you have any additional questions about the space. Also available at tim@metalab.co. 

Thank you for the update and sorry to hear about your ordeal. As you say, luckily it wasn't any worse.

 

Hopefully the cause can be determined and your insurance can cover the damage.


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#189 Mike K.

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Posted 19 May 2015 - 02:31 PM

This perennially vacant space in the St. Andrew's tower on View is being renovated and prepped for a retail or office tenant. Shaw leased out the entire space for their equipment, but since they only need a tiny fraction of it the remainder is being made available under a sublease.

 

St-Andrews-retail-space.jpg


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#190 timw11

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Posted 31 May 2015 - 01:49 PM

Hi guys—COO of MetaLab here. I was on site from 2-7AM this morning dealing with the fire issue at 524. 

 

Some things to be grateful about: no one was hurt, the building didn't burn down, and the fire suppression systems all worked as intended. The damage was largely localized and the cause has yet to be determined.

 

The majority of the damage was caused by the water from the sprinklers and the smoke that has gotten into all soft surfaces which will all need replacing. Unfortunately the basement took a lot of water. Remediation crews are on site getting the moisture and water out as we await a final ruling on the cause of the fire. Then we'll be tearing up the floors to see how bad it is (there's a good inch of hollow space between the wood floors and the concrete subfloor). 

 

It could have been much more devastating, but the timing is horrendous—we were scheduled to move in this Saturday. 

 

As a follow up: looks like we'll be up and running in about 6 weeks. 


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#191 Mike K.

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Posted 01 June 2015 - 07:20 AM

Awesome. That's great news, and thanks for the heads-up.


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#192 Mike K.

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Posted 06 July 2015 - 03:56 PM

I still maintain that 1515 will be at around $35 NNN and possibly as high as $45 NNN. The tower component will no doubt be the most expensive office to lease in the whole region with perhaps the only direct competitor being Customs House.

 

1515 Douglas is leasing from the "high 20's" to $35NNN for what is still available. I would assume a lot of prime space has been spoken for already and that may have fetched far more than $35.


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#193 spanky123

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Posted 07 July 2015 - 06:50 AM

1515 Douglas is leasing from the "high 20's" to $35NNN for what is still available. I would assume a lot of prime space has been spoken for already and that may have fetched far more than $35.

 

Thanks for the update Mike.



#194 Mike K.

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Posted 28 July 2015 - 01:11 PM

Downtown-Victoria-office-development-July-2015.jpg

 

Victoria poised for record breaking volume of office space construction

http://victoria.citi...e-construction/

 

A record setting building boom will add over 700,000 square feet of modern office space to downtown Victoria and periphery neighbourhoods by 2020.

 

Concurrent construction of multiple office buildings, together with projects recently occupied and projects planned to complete by 2020, will mark the most productive period for office development in the City of Victoria's history.

 

Leading the fray in terms of sheer size is 1515 Douglas by Jawl Properties. Comprised of a six storey lowrise fronting onto Douglas Street across from City Hall and a 13-storey tower immediately to the east, 1515 Douglas will bring 273,000 square feet of high-end office space and over 21,000 square feet of ground floor retail space to the heart of Victoria’s financial and business district. Site preparations have begun at Douglas Street and Pandora Avenue with both buildings anticipated to secure occupancy permits by early 2018.

 

In James Bay a partnership between Jawl Properties and Vancouver-based Concert Properties includes 235,000 square feet of office space as part of Capital Park, a redevelopment of a long-vacant property adjacent to aging provincial government offices bordered by Michigan, Menzies, Superior and Government streets. The first phase, expected to move into the site preparation stage in the first week of August with completion planned for late 2016 or early 2017, includes 117,000 square feet of office space in a five storey concrete lowrise, 53 residential units in a four storey woodframe building and some 17,000 square feet of ground floor retail space between them. At full build-out Capital Park will encompass 175 residences and a total of 20,000 square feet of retail space in addition to the 235,000 square feet of offices. [Full article]


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#195 Mike K.

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Posted 06 February 2016 - 08:19 AM

Here's something you don't see every day.

 

Two Whistler gondolas have appeared on the roof of an office building in the 800-block of Fort Street. Apparently they were meant for the lobby of the building but the helicopter that's in there now (yes, a helicopter) may be taking up a little too much room.

 

gondola-1.jpg

 

gondola-2.jpg

 

gondola-3.jpg


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#196 Nparker

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Posted 06 February 2016 - 09:10 AM

Perhaps they can be attached to a cable between tower cranes for a bit of lunch hour fun for the folks working on the Hudson Walk and 1515 Douglas projects.



#197 G-Man

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Posted 21 January 2017 - 08:22 PM

When did this building get this awesome paint job? 

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It has a whole new look!

 


#198 thundergun

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Posted 25 January 2017 - 11:10 AM

I noticed them doing some work on it last spring. Looks like they've upgraded the railings on the patios and maybe the windows as well. I had heard a new landlord had purchased this building. I guess a sprucing up was in order.



#199 Mike K.

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Posted 22 February 2017 - 01:02 PM

bcIMC-headquarters-Victoria-seeking-staff-Citified.jpg

A 13-storey, 189,000 square foot office tower rising at 750 Pandora Avenue will become the new headquarters of Victoria-based British Columbia Investment Management Corporation. The organization's expansion will reportedly create hundreds of new jobs and add a sizeable contingent of well-paid workers to downtown Victoria.

 

Downtown finance HQ to create hundreds of new jobs, woo professionals to Victoria

http://victoria.citi...ls-to-victoria/

 

Hundreds of finance and real-estate management professionals will add to the make-up of downtown Victoria’s workforce with the relocation of British Columbia Investment Management Corporation’s (bcIMC) headquarters to downtown Victoria, Citified has learned.

 

Currently based out of Burnside-Gorge’s Selkirk Waterfront community with offices in multiple markets across Canada, bcIMC is an institutional investor tasked with managing nearly $124-billion in net assets for British Columbia’s public sector pension plans, public trusts and insurance funds.

 

The organization will consolidate its Victoria operations into a 13-storey complex at 750 Pandora Avenue currently under construction as part of a joint development partnership between Victoria-based Jawl Properties and bcIMC. And according to sources familiar with its expansion plans, bcIMC will more than double its local workforce of some-200 employees with the hiring of several hundred workers to staff its growing in-house operations, including those of its newly-formed QuadReal Property Group real-estate management firm. [Full article]


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#200 LJ

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Posted 22 February 2017 - 07:07 PM

How is it creating "new"  jobs, aren't the employees simply changing workplaces?


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