Pedestrians, cyclists, and motorists travelling near the south side of the Burrard Bridge can't miss a huge real-estate pitch for a very famous Vancouver property.
CBRE has posted a "For Lease" sign on the site of the Molson Coors Brewery at 1550 Burrard Street.
Vancouver-based development firm Concord Pacific paid a reported $185 million for the three-hectare parcel in 2016.
Matt Meehan, the company's senior vice president of planning, told the Straight by phone that Molson Coors is still making beer there until it completes its new brewery in Chilliwack.
"They should be vacating the Burrard site sometime late summer or early fall," Meehan said. "They're not going to leave Burrard until Chilliwack is completely up and running. They can't afford any lay-down time."
At its peak, the Molson Coors site on Burrard employed around 250 workers.
Concord Pacific hopes to eventually have 2,000-plus new high-tech employment spaces as the "cornerstone of the project".
That would be supplemented with what Meehan called "augmented live-work space"—and not along the lines of typical live-work space currently on the market.
"Keep in mind, this is a large and important piece of Concord's future," Meehan said. "We see a master-planned community here that we will work on with the city and our neighbours. It's probably five-plus years out."
In the meantime, the city is conducting an employment-lands-economy review, which includes this site.
"They're telling us it's going to be completed by the end of 2020," he noted.
The property is zoned industrial, but Concord is best known for creating masterplanned communities that include housing, commercial, and recreational uses.
Another thing that makes this site unique in Vancouver is the massive set of tanks on the south side.
It's hard to imagine that they'll remain there over the long term, given the utter improbability of another large brewery ever moving into this prime West Side location.