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A “second coming” of B.C. life sciences companies, led by heavyweight AbCellera Biologics, is sparking the development of expensive and custom-built commercial real estate space, according to Andrew Petrozzi, principal at brokerage Avison Young.
In the 1990s and early 2000s, B.C. biotech companies such as QLT Inc., Abgenix Biopharma and Angiotech Pharmaceuticals were in the limelight, but they later faded after being acquired or went out of business.
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Apr292021, 10:52 am
Artistic rendering of AbCellera s new building at 110 West 4th Avenue, Vancouver. (Francl Architecture/Beedie Group/AbCellera Biologics)
Based on the application submitted this week, the Vancouver-based biotechnology company is proposing to redevelop 110 West 4th Avenue a half block site at the southwest corner of Manitoba Street and West 4th Avenue, currently occupied by A&B Partytime Rentals into a 151-ft-tall, nine-storey building with 221,343 sq ft of total floor area.
It will be designated as the rapidly growing company’s global headquarters.
Proposed site of the future AbCellera campus occupying the full city block at 110-150 West 4th Avenue in Vancouver. Perspective looking southwest from the intersection of West 4th Avenue and Manitoba Street. (Google Maps)
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