This offering represents an exceptional opportunity to acquire a rarely available corner site along the world-renowned Robson Street of Vancouver’s West End. Currently improved with a 3-storey 33-suite hotel, the property features unobstructed views of the water through the Broughton corridor.
There are many options for buyers to consider:
- Operate the existing hotel “as is” for short to long term hold
- Renovate and operate the hotel as a higher-end luxury offering (there is a severe shortage of hotel space in Vancouver’s Downtown core!)
- Redevelop the property on its own under the existing zoning or under the OCP’s designation*
- Assemble with the neighboring site to maximize in a larger mixed-use tower form
An assembly would increase the overall site size to 23,842 SF (182’ × 131’). The Lower Robson Area “B” land-use policy would therefore support a high-density mixed-use development of up to 300 feet in height and up to 208,618 SF buildable (based on a maximum 8.75 FSR).
*Depends on assembly of neighbouring site and subject to City plans and policies. Buyer to confirm.
The site is extraordinarily well located along the Robson street corridor of Vancouver’s coveted West End neighbourhood. Situated on the northeast corner of Robson and Broughton Streets, the area is a well-known established luxury district and pre-eminent high-end shopping destination. The popular pedestrian shopping area of Denman Street is only a few blocks away and features a wide variety of shops, hotels, nightlife and bars, restaurants, and grocery stores. With the world-renowned Stanley Park, Coal Harbour, English Bay beach and central business district all within walking distance, the immediate area provides residents with countless amenities, entertainment and nightlife.
Net operating income
Net operating incomeCall listing agent
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.