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Location: 125 Victory Ship Way, Vancouver, BC

Year Services Performed: Nov. 2015 – Ongoing

Value of Project: $50m​

Description of Services Performed:

  • Owner’s Representation

  • Feasibility Studies + Proforma

  • Highest and Best Use practices recommendations

  • Conflict Resolution

  • Administration of Internal Processes

  • Interact with all governing officials having jurisdiction

  • Coordination + oversight of all Professionals

  • Value Engineering

  • Financial reviews + cost controls

  • Funding assistance

  • Contracts + contract awards

  • Project over-sight

  • Liaison with Tenants + coordinate TIs

  • Assist in conceptualization

​Project Website: http://theshipyards.net

Project Description:

Since November 2015, Bell Group has been engaged with the City of North Vancouver and Quay Property Management to work on the redevelopment of Lot 5-The Shipyards. On behalf of Quay Property Management, Bell Group has played an active role in the Expression of Interest, Request for Proposal, design, budget, Memorandum of Understanding (MOU), team assembly, financials, finance and ongoing development strategy. Bell Group also has a lead role in the remediation of the contaminated site and construction strategy & methodology.

Lot 5-The Shipyards is a development that will combine the reconstruction of a heritage, steel framed Machine Shop with the construction of a new 4-storey mixed-­use development. Public open space, largely housed under the roof of the Machine Shop structure, will include an open-air ice rink, water playground, and plaza/patio space that will support the commercial development. In summer months, the ice rink will be converted into a public space that will support open-air concerts, markets, etc. The mixed-use development will include a 70-room boutique hotel, commercial space including retail, restaurants, and cafes on the ground and second floors, and some community and cultural uses on the upper floors of the building. One level of underground parking will be provided over the entire site.

Update: Bell Group has maintained their position as Owner’s representative, throughout the duration of this unique project, assisting the Owner with all aspects of the development. Bell Group is currently helping the Owner with the project close-out, including the close-out of all deficiency items. This project represents the third engagement with this client.

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Dale is professional in his approach and earns the respect from his associates and his clients with his quality of details and his timely deliverables.

I would highly recommend the Bell Group and will continue to utilize their services.

If you would like to discuss or wish additional information, please free to contact me.

Gary Mathiesen, CEO – Quay Property Management Corp.

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