LEED Gold office for sale at sustainable Victoria development

IMAGE: 376 Harbour Road is a LEED Gold certified, three-storey office and commercial building in Victoria. (Courtesy Goodman Commercial)

376 Harbour Road is a LEED Gold certified, three-storey office and commercial building in Victoria. (Courtesy Goodman Commercial)

A showcase LEED Gold-certified office property in Victoria’s Inner Harbour has been placed on the sale block.

The three-storey, 14,383-square-foot, class-AAA office building at 376 Harbour Road was completed in 2019. It sits just across the road from the waterfront.

The asking price for the property, which is being marketed by Goodman Commercial, is $8.8 million. It’s currently 100 per cent occupied, though the tenant on the second and third floors, legal firm and owner Acheson Sweeney Foley Sahota LLP, is willing to downsize or vacate for a new owner-occupier Goodman says.

It’s one of just 12 LEED-certified office properties in Victoria. It’s also an award winner, taking the 2019 Merit Award for office development in the Victoria Commercial Building Awards.

LEED certifications are awarded to buildings which offer substantial reductions in energy, water and maintenance costs, as well as emphasizing human health and integrative building design.

Features of 376 Harbour Road

The Harbour Road building features a living roof with a 693 square foot rooftop patio with a BBQ area and small workspace. Landscaping also incorporates green systems which meet LEED Gold standards.

Facing the Inner Harbour, the property features views of the ocean, downtown Victoria and the marine district.

Other features include adjustable DIRTT wall systems, interior access points, steel frame and concrete construction, “superior glazing and super-adequate engineered mechanical systems,” according to information from Goodman. The building contains one elevator.

Another attraction for potential investors or owner/occupiers are Bosa’s Dockside Green development next door, and the Victoria West neighbourhood itself, in which the office is located.

It’s just west of downtown Victoria via the Johnson Street Bridge, on a peninsula bordered to the south and east by the Upper Harbour. It’s a “socially vibrant, ecologically restorative and economically robust community” according to Goodman’s marketing material.

The property is within close walking proximity to coffee shops, restaurants and service amenities, and a shopping centre anchored by Save on Foods two blocks away.

It has good transit access, and is adjacent to the Lochside Trail / Galloping Goose recreational trail and bicycle network. The trails provide dedicated bicycle access to and from downtown and across the Capital Regional District from the ferry terminal in Sidney to Sooke.

Victoria West and Dockside Green

The neighbourhood itself is transitioning from industrial uses to the current waterfront communities of condominiums, hotels and shoreline parks. As a historically significant shipbuilding centre, the marine character of Dockside Green is being maintained to provide residents with a local sense of community.

376 Harbour Road is situated roughly at the centre of the neighborhood, mid-way between Esquimalt Road to the south, and the Port Ellice / Bay Street Bridge to the north.

Upon completion, the adjacent Dockside Green development will comprise 1.3 million square feet on a 15-acre site. The community will consist primarily of residential buildings complimented with office, retail, and light industrial uses.

Environmental design and stewardship are key aspects of the development, with an emphasis on sustainable buildings and processes.

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