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Reliance Properties and Jim Pattison Developments Receive Public Hearing Approval for Burrard Gateway

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/18/13 -- Editors Note: There are two photos associated with this press release.

In a public hearing held at Vancouver City Hall last night, Vancouver City Council voted unanimously to approve Burrard Gateway, a one-million square foot mixed-use development that will feature a striking, curved glass office building, a flagship Toyota dealership and the third tallest residential tower in the city.

The approval will consolidate 27 city lots on and around the current site of the Jim Pattison Downtown Toyota Dealership. The site and project is jointly owned by Reliance Properties Ltd. (60 per cent) and Jim Pattison Developments Ltd. (40 per cent).

In the development approval process for the past three years, the Burrard Gateway project is comprised of three LEED Gold certified buildings, including a 13-storey office building with a state-of-the-art Toyota dealership at its base, and two towers, a 35-storey residential tower and a 55-storey residential tower, connected by a seven-storey mixed-use podium. The 55-storey tower will be the third tallest building in the city and will create an iconic entrance to Downtown via the Burrard Street Bridge.

During the public hearing, council commented favorably on the project's high standard of architectural design and environmental excellence.

The Burrard Gateway site stretches north from Drake Street along both Burrard and Hornby Streets, with 225 feet of frontage on Burrard and 350 along Hornby. Designed by Vancouver's IBI Architects, the striking concrete and glass residential towers will contain 810 condominium units. At 167 metres in height, the signature tower will be the third tallest in the city, behind the Shangri-La and the proposed Trump Tower. The tower will feature a white concrete waffle wall aligned with the Burrard Street Bridge entrance to downtown. The Bing Thom designed office building and Toyota showroom will feature a prominent curved glass facade facing Burrard Street.

The signature residential tower will be an iconic addition to Vancouver's skyline, while the sculptural glass of the office building and the Toyota Showroom will bring a new identity to the highly visible corner of Burrard and Drake. The project will create an anchor for the rapidly developing Burrard Gateway precinct of Downtown Vancouver.

Designed by Vancouver's globally recognized architect Bing Thom and described by city design panel members as a "jewel box," the state-of-the-art Toyota dealership is unlike any other automotive showroom in the city. The traditional sales floor has been replaced by multi-level display fingers extending toward the striking glass exterior, creating an imaginative, futuristic display space.

The Burrard Gateway design includes a generous public plaza with a cafe, public art installations, a vertical water display, landscaping and enough public seating to create an activated plaza space.

"Although our design received unanimous approval from the Urban Design Panel in June 2011, we've continued to refine the design over the last two years, strengthening the distinctive character of the office building," says Jon Stovell, president, Reliance Properties Ltd. "As well, we will be contributing more than $20 million toward local community amenities."

The Burrard Gateway amenity contributions include support for an LGBTQ Qmunity Centre for Davie Village, heritage density, transportation, park and cultural funding, which will benefit all residents of the area.

A major addition of contemporary architecture to Downtown Vancouver, Burrard Gateway is one of the largest projects ever undertaken in the city.

Reliance Properties Ltd. is a privately owned Vancouver company that has been contributing to Vancouver's architectural heritage for more than 50 years. From Coal Harbour luxury to award-winning heritage restorations, Reliance continues to create innovative residential and office developments designed to enhance the urban experience.

Jim Pattison Developments owns and manages a portfolio of close to 10 million square feet of buildings throughout Canada and the United States. Its primary role is to support the operations and growth of the companies within the Jim Pattison Group. Activities include development, property management and investment.

To view the photos associated with this press release, please visit the following links:

www.marketwire.com/library/20131217-burrardgateway1full.jpg

www.marketwire.com/library/20131217-burrardgateway2full.jpg

Contacts:
Reliance Properties Ltd.
Jon Stovell
(604) 683-2404 or C: (778) 288-2474
jons@relianceproperties.ca

Peak Communicators
Ross Sullivan
(604) 689-5559 or C: (604) 802-7139
rsullivan@peakco.com

Peak Communicators
Stephanie Orford
(604) 689-5559 or C: (778) 558-5850

The Jim Pattison Auto Group
Bill Harbottle
(604) 495-4190
billh@jpautogroup.com

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