New Office Tower Planned for Waterfront Station
While in the works now for over a year, plans for a new office tower just East of Waterfront Station have become public. Cadillac Fairview is planning a 26-storey tower at 555 West Cordova, a site most will be familiar with as the parking lot between The Station building and The Landing, where Steamworks is located. The site is already zoned DD and so only requires a development permit approval process.
An original version of the project had been slightly taller, but was then revised to respect a view cone after an initial review by the Gastown Historic Area Planning Committee.
Details of the project include:
- a 26-storey tower with a total height of 417 feet
- 409,000 SF of commercial space
- a shared open courtyard with Watefront Station
- one level of underground parking accessed off the lane
- off-street parking shared with nearby Cadillac Fairview waterfront office properties
No word yet on pre-leasing activity. This project joins a handful of others at various stages of development, including 320 Granville Street one block West, which achieved rezoning in 2014, but has yet to go under construction.
This project certainly has location and potential views in its favour. Stay tuned for further updates.