06:16:50 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Bird Construction Inc
Symbol BDT
Shares Issued 53,774,639
Close 2023-05-04 C$ 8.51
Market Cap C$ 457,622,178
Recent Sedar Documents

Bird Construction to build $50M native housing project

2023-05-04 17:28 ET - News Release

Mr. Teri McKibbon reports

BIRD AWARDED CANADA'S TALLEST MODULAR BUILD

Bird Construction Inc. has been awarded a construction management services contract for BC Housing's Permanent Supportive Housing Initiative, located on East King Edward Avenue in Vancouver, B.C. The 14-storey modular project is valued at approximately $50-million.

The project is part of a joint agreement between the City of Vancouver, BC Housing, and the Canada Mortgage and Housing Corp. (CMHC) to deliver a minimum of 300 permanent supportive homes on five city-owned sites. The East King Edward Avenue building will consist of 109 studio homes, with the base of the building holding a commercial kitchen, dining room, multipurpose room and tenant laundry. The building will be collaboratively operated by Vancouver Native Housing Society and Vancouver Aboriginal Friendship Centre Society.

The project design was supported by Bird's preconstruction design services, with the final design delivered by Stantec and Bird's stack modular business. The seamless exterior design will include elements that represent Coast Salish and urban indigenous peoples, with the facade highlighted by timber-like panels and blank exterior wall space for culturally themed murals. It will follow the Passive House green building design standard, and the prefabricated modular construction method will reduce construction waste, expedite the construction process and reduce costs.

As the first modular project of this height in Canada, the volumetric steel modular tower offers 14 floors of quality units on a rapid, repeatable scale. At the same time, it allows for customization to meet the community's needs and creates a look and feel comparable to current purpose-built apartments. With off-site design and construction of the units, the modular approach substantially reduces construction time, facilitating faster occupancy than traditional builds and reducing the impact on the local community during construction, while ensuring strict quality control, rigorous safety standards, and significant energy performance in line with Passive House standards. These benefits position modular construction as an efficient solution to Canada's housing crisis and long-term-care capacity challenges, as well as for the delivery of other vital infrastructure with repeatable requirements.

"We are proud to be selected to provide our forward-leaning accelerated construction method to communities in need of housing. Modular construction is gaining considerable momentum in North America and our Bird Stack team has been actively demonstrating the benefits to build more efficiently and fast-track delivery of important infrastructure to the market," said Teri McKibbon, president and chief executive officer of Bird. "The strong design partnership, coupled with early engagement and collaboration between the project partners and the community, has ensured this vital housing initiative will move forward."

About Bird Construction Inc.

Bird is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada's major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.