The Onyx, located at 1296 Station Street in Vancouver, is a DP-approved site to immediately develop a 13-storey, AAA office tower located adjacent to the Main Street-Science World SkyTrain station. This development project is approved for a total buildable area of more than 282,000 sq. ft., including ground-floor retail space. This site is just five minutes from Vancouver’s downtown core and is exceptionally well connected to the rest of the city via transit. This unique project was positioned as a rare opportunity to build a landmark office development at a high-profile intersection, allowing investors to immediately capitalize on Vancouver’s unprecedented office market performance, all while becoming part of the transformation and development of this area of Vancouver.
CBRE executed a full-scale global marketing program that generated significant interest from both domestic and international developers. CBRE created a competitive bidding environment that generated several offers from qualified groups, and ultimately successfully transacted the property to a major Canadian institutional investor.