Credit Suisse’s $200 million Vancouver project, The Exchange, has been given the green light from the City and is set to become one of the tallest green buildings in the country.
Designed by renowned architect Harry Gugger — the man behind Bejing’s Bird’s Nest Stadium — the building will target LEED Platinum, the highest designation from the Canada Green Building Council. The structure will use half the energy of a building of comparable size, essentially lowering operating costs for tenants.
“We believe in Vancouver’s economy and its future,” said Herbert Meier, Credit Suisse’s director of real estate asset management. “We believe in supporting the City of Vancouver’s vision to become the world’s ‘greenest’ city by 2020.”
The neighboring Old Stock Exchange building, built in 1929, will be renovated and restored as part of the development, becoming Canada’s first LEED Platinum heritage conversion.
Construction on The Exchange is slated to start in October, with the project expected to be finished in 2017.
The Old Stock Exchange building ca. 1931