Vancouver, June 18, 2018 – The Terminal District, an up-and-coming neighbourhood at the western edge of the False Creek Flats, will boast a landmark building, The Onyx, Rize Alliance’s newest development. To be situated at the northeast corner of Station Street and Terminal Avenue, the 13-storey structure will offer 262,800 square feet of Class AAA office space, 8,700 square feet of ground floor retail and an expansive rooftop including an outdoor patio. Close to downtown, a mere minute’s walk to the Main Street-Science World SkyTrain Station and featuring a unique design created to LEED® Gold standards, The Onyx will be a statement for for Vancouver’s most forward-thinking companies.
The Terminal District borders Northeast False Creek, Olympic Village, Mount Pleasant, Chinatown and Strathcona, and is situated within the quickly evolving False Creek Flats. Offering convenience and vitality characteristic of the downtown core, as well as livability and wise planning that make the area truly visionary, The Terminal District is slated to be the destination of progressive companies representing a diverse set of industries, from technology, to health, to creative.
The Onyx itself will embody The Terminal District’s distinct vibe. The building’s dark finish – reminiscent of its name – and simple, layered exterior will reflect the area’s industrial roots, while its light, warm and modern interior will mirror the neighbourhood’s progressive spirit and sense of community.
“The Onyx is a transformational development for a transformational area,” said Marco DiPaolo, Executive Vice President with Colliers International in Vancouver. “This building marks the evolution of The Terminal District into a hub for visionary businesses and professionals. With its central location, vibrant atmosphere and proximity to transit, The Onyx will provide companies and employees an ideal setting to maximize productivity and do their most creative, innovative work, while establishing themselves in what will surely be Vancouver’s next ‘it’ neighbourhood.”
“Rize Alliance is heavily invested in The Terminal District, having completed two major commercial developments along Terminal Avenue,” said Will Lin, CEO of Rize Alliance. “The Onyx is our third development in the area, with a fourth in the pipeline. We compare the potential of The Terminal District to Seattle’s South Lake Union or San Francisco’s Bay Area. We envision The Terminal District’s energized urban streets and aesthetic waterside to represent the brand and forward momentum of the businesses that will call it home.”
Construction of The Onyx is expected to begin in early 2019, with the building ready for occupancy in Summer 2021.