Concord Pacific released the pre-application rendering of Quantum Park, the successor to Molson Brewery.

Concord Pacific released the pre-application rendering of Quantum Park, the successor to Molson Brewery.

  • Business
  • Redevelopment
  • Vancouver
November 2, 2020

Concord Pacific had shed more light on the highly anticipated Quantum Park development on the 7.4-acre Molson Brewery Site. The last time we heard about the site was last December 2019. It was speculative that a major development is in the works for the Molson Brewery site. As Concord Pacific is finished its developments on the north side of Granville Bridge, the development giant released a preliminary design for Quantum Park (1550 Burrard Street).

Concord Pacific acquired the site in 2016 for approximately 200 million dollars after Molson Coors Canada announced that they will shut down its Burrard street plant and move to a new brewery in Chilliwack. It is a rational decision given that the massive changing environment that took place in Vancouver with multiple master official community plan. Having a brewery in the middle of a potential multi-family zone will pose many negative impacts economically and livability.

Just recently, Concord Pacific released new renderings for the site. These renderings reveal the details of the massive development planned for the 331,056 sqft site. A glass panel exterior ground level with three distinctive blocks siting on top and another cross-sectional block on top it of the three blocks. The developer is aiming for a total floor area of 1,800,000 sqft. 300,000 sqft will be allocated for office, retail, and restaurant. The remaining square footage is for 3,000 residential units spanning across the 15 to 25 storeys podiums.

Concord Pacific names “Quantum” park because it is inspired by the two-glass atrium that resembles wormholes in quantum science. The funnel design has a glass rooftop accessible from the three podiums. From the rendering we can see the planned greenspace all around. Like all other Concord lead development, it features the latest technology and amenity including electric vehicle parking space, touchless car wash, health clubs and more.

*Quantum Park is still in pre-application stage; no rezoning application has been submitted to date.

Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist
ashley@claridgeadvisors.com

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist
patricia@claridgeadvisors.com

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist
schumann@claridgeadvisors.com

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate
wendy@claridgeadvisors.com

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker
simon@claridgeadvisors.com

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou

Analyst
frank@claridgeadvisors.com

As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.

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