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The Apex Site property on Douglas Street at Humboldt Street in downtown Victoria, also known as the 'Budget Lot,' is the focus of a redevelopment effort known as TELUS Ocean, an innovation and employment hub for 250 TELUS employees, ground level retail space, and six levels of leasable office space.
The City of Victoria-owned Apex Site property was the subject of an early 2017 bidding process between six proponents. The City of Victoria opted to proceed with a development planning process and a land sale that ultimately saw partners Aryze Developments and TELUS co-operate on the TELUS Ocean concept.
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On Wednesday, Mississauga-based real estate company Morguard Corporation announced that it had acquired a 20% ownership interest in Telus Garden, a high-profile Class-AAA office tower in the heart of downtown Vancouver.
The 24-storey Telus Garden sits at 510 W Georgia Street, between Seymour Street and Richards Street, and houses 557,255 square of office space, 32,855 sq. ft of retail space, and a glass-encased lobby with lush gardens, water features, and a piano, visible from W Georgia Street.
https://storeys.com/morguard-telus-garden-vancouver-purchase/
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Taken December 13, 2024
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