Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development, Office

New James Cheng Design for Revised Waterfront Station Office Tower Proposal

Cadillac Fairview has submitted a new development application to the City of Vancouver for 601 West Cordova Street, currently the surface parking lot between the Waterfront Station building and The Landing.

The site was previously subject of an application for a new office tower in 2020, but did not move forward.

The architect for the resubmission is James Cheng, who also designed The Stack office tower, on Melville Street.

The current proposal calls for a 22-storey office building, stacked to look like a silhouette of a tree and cantilevered over Waterfront Station. Details include:

  • 417,000 SF of office space;
  • a total density of 7.05 FSR;
  • a building height of 416 ft.
  • A public plaza.

Under the site’s existing DD zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

January 30, 2026by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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