Construction is expected to start September of 2000 and will be completed within 12 months. The 1300 West Pender project is just one of the many urban developments in downtown Vancouver and its surrounding areas. The city is currently processing development and building permits for 14 new projects in the downtown core. Vancouver developers are planning to build more than 2,600 new condominiums and rental apartments in the downtown core during the next two years in anticipation of a rebound in the city's housing market. This boom in the construction industry should provide excellent opportunities for U.S. companies.
Bid tendering for the various aspects of the multi-million dollar development is open to U.S. firms.
Large multimillion-dollar urban development projects in the Vancouver marketplace typically have between 20 to 35 percent U.S. inputs involved in construction. High end and contemporary interior furnishers have an excellent opportunity to enter this dynamic market. To assist U.S. exporters of non-agricultural products entering new markets. We need to know how our efforts best assist U.S. companies. TradePort is an authorized distributor of STAT-USA data.