Portion of Exchange Building Now Slated for Hotel

In an interesting move, 10 floors of the Exchange Building are being converted to hotel use instead of office use. This comes as Executive Group has acquired the adjacent Edward Chapman property at 833 West Pender, with soon to be released plans for a hotel on the site.

A development application has been submitted for The Exchange Building to allow:

• conversion of office use to hotel on floors 2 through 11
• 110,000 SF of the building will be converted

Under the site’s existing CD-1 (555) zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.