November 15, 2019
Oxford Properties Group unveiled plans to develop Canada’s first large bay multi-level industrial property in British Columbia. Comprising 707,000 square feet over two levels, the project will be built at Oxford’s Riverbend Business Park located in Burnaby, a suburb 13 miles east of downtown Vancouver.
Oxford has transformed the 65-acre brownfield site that once housed a paperboard milling operation into a progressive and environmentally-sound 1.35-million-square-foot master-planned business park. This inaugural large-scale multi-story distribution center concept is expected to deliver in 2022.
Oxford Properties’Jeff Miller points out Vancouver is one of the tightest industrial markets in the world, and that “shortage” requires bold solutions and progressive approaches, and we have studied innovative industrial projects from across the globe to inform our plan to develop Canada’s first multi-level property. By doing so, we can add density to the already established Riverbend Business park, a former brownfield site, without the need to encroach on greenfield or agricultural land.”
For comments, questions or concerns, please contact Dennis Kaiser