Skip to content

Woodfine Projects

The buildings-and-places record for Woodfine Capital Projects Inc.: six development classes, the design system behind them, and the site-selection method built on established retail anchors. Articles span regional markets across North America and Europe, the planned development program, and the maps and data behind the analysis.

Historical revision — this record as it stood on 24 August 2026, not the current version. View the current record →

Structural bay depth discipline

Woodfine sets leasehold bay depth from tenant space requirements, not from the maximum span a beam can economically cover. Letting the cheapest available beam span set bay depth is, in Woodfine's own assessment, a design decision severe enough to threaten the asset's performance. Depth a tenant does not need and will not pay for cannot be recovered once the building is built and leased.

What it replaces

The discipline replaces sizing leaseholds to whatever depth the most economical beam happens to produce. That approach reads as a construction saving at the time the beam is chosen. But the saving is realized at the wrong stage of the asset's life: many commercial developers have built bays too deep for what their tenants' business models actually require, believing a cheaper structural system left them ahead. It does not. Certain tenant formats — the frontage-driven retail and quick-service formats that know precisely the depth their layout requires are the clearest case — will lease only the footprint that matches their business model and no more. The landlord absorbs whatever additional bay depth the structural grid produced. That absorbed depth is unleasable for the life of the lease; it cannot be recaptured mid-term, and small per-square-foot inefficiencies of this kind compound over a lease term of a decade or more into a material effect on the building's capitalized value.

Depth follows Key Plans and Tiles, not the reverse

Woodfine's own design experience across multiple buildings and jurisdictions using the same Fixed Floor Plate for the Building Core reinforced the same conclusion. Beam sizing should be set from the Key Plans and Tiles and the resulting variance in office floor counts, not the other way around. Letting available beam spans dictate Floor Plate sizing across a multi-building rollout is the more damaging version of the same mistake, since it repeats a single bad depth decision across every subsequent deployment of the prototype rather than confining it to one building.

Column-free is a leasehold property, not a Floor Plate property

The discipline also reframes what "column-free" should mean. Woodfine treats a leasehold as column-free when its structural columns line up with the demising boundaries the Key Plans and Tiles already define — not when the Floor Plate as a whole has the fewest possible columns. Minimizing columns across the whole Floor Plate is worth pursuing only where it does not compromise the ability to expand or contract a prototype's floor count. It is also worth pursuing only where the building's façade design is kept free of structural dependency, so it can still be changed later. Where those two goals conflict, getting the demising right at the leasehold level takes priority over a column-free Floor Plate.

Consequence for underwriting and asset value

Rent and capitalization rate are directly linked in determining what a building is worth at sale. Bay-depth slippage is not a cosmetic design flaw for that reason — it is a recurring drag on realized rent per leasable square foot that shows up at the point of a future sale, not at the point the beam was chosen. Setting bay depth from tenant requirements before construction is committed is the only stage at which this loss is avoidable; it cannot be engineered away afterward.

See also

Important Information

Important Information

Securities offering. Woodfine Capital Projects Inc. ("Woodfine") sponsors real-property direct-hold solutions. Interests in those solutions are offered only to investors who qualify under an applicable prospectus exemption — including the accredited-investor exemption under National Instrument 45-106 — Prospectus Exemptions, and equivalent exemptions in other applicable jurisdictions. Content on this wiki is provided for general informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offering is made exclusively by means of the applicable Private Placement Memorandum, which prospective investors should review, together with their own professional advisors, before investing.

Scope. This wiki describes Woodfine's research methodology, geographic data platform, and related activities at a high level and is qualified in its entirety by the applicable Private Placement Memorandum and the governing documents of the relevant issuer.

Risk. Investment in real-property direct-hold solutions involves significant risk, including possible loss of capital. Past performance is not indicative of future results. References to structural features such as advisory fees, transferability, and net asset value methodology describe the contractual terms of the direct-hold solutions and are not representations as to investment outcomes or returns.

Forward-looking statements. Statements that are not historical facts may constitute forward-looking information within the meaning of applicable Canadian securities laws. Such statements are subject to known and unknown risks, uncertainties and assumptions, and actual results may differ materially. Woodfine undertakes no obligation to update such statements except as required by law.

Registration. Registrable activities of Woodfine and its affiliates are conducted, where required, under the applicable registration categories prescribed by the British Columbia Securities Commission and other Canadian securities regulators. Specific registration details are available on request.

Jurisdiction. Woodfine Capital Projects Inc. is organized in British Columbia, Canada. References to the Sovereign Data Foundation on this wiki describe a planned or intended initiative only, not a current equity holder or active governance body.

Trademarks. The full trademark notice appears in the footer of every page on this site.

Content licence. The text of this wiki is licensed under Creative Commons Attribution-NoDerivatives 4.0 International (CC BY-ND 4.0). Readers may quote this content verbatim, with attribution to Woodfine Capital Projects Inc. Readers may not alter, transform, or redistribute a modified version of this content.

Changes to this notice. Woodfine may update this notice from time to time; the version posted on this page governs.

Not a filing system. This wiki is not a securities filing system, an electronic disclosure repository, or a substitute for SEDAR+ or any other regulatory filing system. Formal securities filings are made through the applicable regulatory filing system, not through this wiki.

Full disclaimer. This notice supplements, and does not replace, the full Disclaimers article. In the event of any conflict, the full Disclaimers article governs.

Read the full disclaimer →