Colliers Project Leaders has been selected by Public Services and Procurement Canada (PSPC) to be the public-private partnership (P3) advisor on the Sinclair Centre Redevelopment Project in joint venture with Tiree.
Colliers Project Leaders, the building project management division of the commercial real estate firm Colliers International, will provide P3 commercial and procurement advisory services – including facility management (FM) advisory services on the project.
Located at 757 West Hastings Street in the heart of downtown Vancouver, B.C., the Sinclair Centre consists of four heritage buildings originally built between 1910 and 1940. Spanning an entire city block, the centre currently houses an upscale retail mall, federal offices and Services Canada office.
With an estimated construction cost of more than $500 million, the P3 redevelopment project will include design, heritage conservation, new construction, tenant fit-up and maintenance of approximately 11,000 sq. m. of space. The project will create a modern and sustainable federal hub in Vancouver that respects heritage, historical and cultural influences.
The redevelopment is an opportunity to revitalize the Sinclair Centre by enhancing heritage conservation; upgrading seismic requirements; integrating Indigenous, social and cultural considerations; advancing sustainability and greenhouse gas (GHG) emission reduction; and updating federal office space to meet future needs.
“We are thrilled about this mandate to support PSPC as a P3 Advisor, working in joint venture with Tiree,” said Stephen Lidington, Colliers Project Leaders’ managing director and lead P3 Advisor on the Sinclair Centre. “This hallmark redevelopment will transform Vancouver’s skyline and embed core principles – such as net-zero construction, sustainability and Indigenous inclusion – that align with our own corporate values and the work we do in communities across Canada.”
A request for proposals (RFP) process for the P3 consortium is expected to be launched in 2024 with the contract awarded in 2025.
