An industrial and office building designed for life sciences laboratory uses could be built within Vancouver’s protected Mount Pleasant Industrial Area.
Oxford Properties, the real estate investment arm of the pension fund for Ontario’s municipal employees, is proposing to redevelop 11-15 East 4th Avenue into a 146-ft-tall, eight-storey building with 78,000 sq ft of office space, another 78,000 sq ft of industrial space, and 6,800 sq ft of ground-level retail/restaurant space.
The entirety of the industrial space component will be dedicated to laboratory use, which necessitates special design and spatial considerations for extensive equipment. However, 100% of the office space could also be used for functional laboratory purposes.