Market Overview

Vancouver Development Wins Global Award for Excellence


Project transformed an underutilized block into 'smart growth' urban centre

VANCOUVER, Nov. 14, 2017 /CNW/ - Vancouver's first major transit-oriented development integrated with a Canada Line rapid transit station won a global award today. Marine Gateway by PCI Developments was one of thirteen developments worldwide selected by the Urban Land Institute for its 2017-2018 Global Award for Excellence. This prestigious award is Marine Gateway's seventh award in the last two years from local, national and international organizations.

Marine Gateway by PCI Developments is a multi-award winning community built directly into a busy rapid transit line station. (CNW Group/PCI Developments)

"We are honoured to receive this international recognition from the ULI for Marine Gateway, a project that we are very proud of," said Andrew Grant, President of PCI Developments. "The site previously had no housing and only 60 jobs. Now, Marine Gateway is a vibrant, transit-oriented, complete urban community home to approximately 750 residents and 2,000 jobs in conjunction with high quality restaurants, retailers and movie theatre serving the local community."

The winners were selected by an international jury made up of ULI members from various real estate development disciplines. The ULI Awards for Excellence, established in 1979, recognize the full development process of a project, including design, leadership, community contribution, innovations, public/private partnerships, environmental protection and enhancement, response to societal needs, and financial success.

"Cities are about people—the way we interact, get around, and go about our daily routines. Great cities are made of great places that make the urban experience easy and enjoyable," said ULI Global Chief Executive Officer Patrick L. Phillips. "These projects reflect the highest standards of design, construction, economics, planning, and management. But most important, they are improving people's quality of life."

Designed by architecture firm, Perkins & Will, Marine Gateway is LEED® Gold certified with 415 condo units, 46 rental apartment units, 230,000 square feet of retail and 260,000 square feet of office space directly integrated with the Marine Drive Canada Line Station.

PCI will start construction on King George Hub in spring 2018. Like Marine Gateway, this project will transform an underutilized site adjacent to an existing and two future rapid transit stations in Surrey City Centre into a vibrant, large-scale complete community with office, retail and residential uses.

PCI Developments is a Vancouver-based real estate developer and investor. Since it was founded in 1982, PCI has developed some of Metro Vancouver's most notable urban mixed-use communities, frequently near transit. Current PCI projects under construction include an office building at 565 Great Northern Way that is integrated with the new Emily Carr University of Art & Design.

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SOURCE PCI Developments

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