This 15,821 square foot site offers a combination of stable existing income and significant future development potential.
The existing nine-storey building features fully leased ground floor retail spaces anchored by AAA tenants and eight floors of office spaces, totaling approximately 75,000 net leasable square feet. This desirable building presents stable income with potential redevelopment when desired. Benefiting from the recently approved Hotel Redevelopment Policy, the site offers the potential for a mixed-use hotel and residential development with potential for significant density increases, while existing tenants provide stable holding income during rezoning.
Strategically located on a prominent corner lot in the Financial District, with frontage along West Pender, Bute, and West Hastings along the Sea-to-Sky highway corridor. The Site benefits from exceptional walkability and proximity to countless premier amenities including the Seawall, Stanley Park, Convention Centre, luxury hotel and residences, shopping, and restaurants. Seamless accessibility with direct access to numerous transit lines and the Burrard Street SkyTrain Station, and major arterial roads.