Construction on the first building is expected to start this spring.
Image Credit: SUBMITTED
January 30, 2020 - 2:10 PM
Downtown Kamloops is about to see its first major transformation in more than a decade with the construction of ‘The Hive.’
Plans for The Hive have been announced by the A&T Project Developments Inc. and Invictus Properties Inc.
The companies believe the real estate development, planned for the space between 5 Avenue and 6 Avenue and running along Landsdowne Street, will make downtown the premier business district in the river city. The three proposed buildings will offer a mix of office and business space, and feature balconies, large windows for natural lights, and modern design.
“The Hive development marks a new chapter for our city and will continue the revitalization of downtown Kamloops. The building and vision for the site will create new business opportunities for companies based in and out of Kamloops, showcasing the quality of life we enjoy in our city,” Kamloops mayor Ken Christian says in a media release.
The first phase of this development will offer 45,000 square feet of office and retail space between five floors and include two levels of secure underground parking. The first build will be on the corner of 5 Avenue and Lansdowne Street, and construction is expected to start this spring.
The plan is to have three buildings to offer a mix of commercial office and retail space.
Image Credit: SUBMITTED
News of the plans comes just after Kamloops city council voted to make changes to the tax exemption bylaw to include commercial builds earlier this week.
“The Hive has the opportunity to create hundreds of new jobs in the downtown core and will keep our downtown vibrant. The recent changes to the revitalization tax exemption bylaws approved by council contributed to the decision to move the vision for The Hive from a yellow light to a green light. I believe this announcement is just the beginning and I look forward to many more new commercial developments in the downtown and the north shore in the coming years,” Kamloops city councillor Mike O’Reilly says in the release.
The design was created by Vancouver-based architects Musson Cattell Mackey Partnership. For more information, click here.
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