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.

A 48-unit apartment building known as El Toro Apartments at the Northeast corner of East 2nd Street and St. Andrews Avenue in the Lower Lonsdale area of North Vancouver has sold for $9,900,000, or $206,250 per unit. The purchaser is a local private investor. The building had been listed for sale for $10,000,000 in the fall of 2014.

Photo by 604 City, Flickr

By ChangingCity

The façade of 151 Water St would be retained, and 157 Water Street would be redeveloped. The project would end up with six floors of office over retail and restaurant uses, and the letter says the project would be 95 feet high. Musson Cattell Mackey are the architects. The Gastown Historic Area Planning Committee will review the scheme this week – they have a few more details; the total space would be 105,426 square feet and their notes say it would be 103 feet high to the top of the mechanical room.

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Source:: Changing City

The Lotus Hotel, a six-storey building retail and apartment property located at West Pender and Abbott Street in Downtown Vancouver has sold for $17,900,000.

The building, built in 1913, was substantially upgraded in 2001 and  2009  The main floor and basement  have been leased as a 12,000 SF retail tenant operating as The Pint Public House. The upper floors feature 110 bachelor suites, which are self-contained with kitchenettes (fridge, stove, sink) and three-piece bathrooms. These units reportedly average 210 SF.

The building was sold by Steve Fame at Colliers and had been listed for sale for $18,698,000.