GWL Realty Advisors has $6-billion worth of development across Canada. But until recently, the company had never added to its portfolio by building an office tower on spec – that is, without a single tenant lined up in a prelease agreement.
That is what the company is doing now, though, on a downtown site in Vancouver, where it is tearing down a parkade near the central intersection of Georgia and Granville streets to construct a 33-storey, nearly half-million-square-foot office tower.
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