Deecorp is proposing to develop a new 35-storey hotel in downtown Vancouver.
Architectural firm Musson Cattell Mackey Partnership has submitted a development proposal to the City of Vancouver, according to multiple reports. The proposed hotel at the corner of Granville and Davie streets would include about 460 rooms.
The site at 717 Granville and 1193 Davie contains a number of one- and two-storey commercial buildings that date back several decades.
The popular Granville Street entertainment district has lost its lustre in recent decades. Travel industry groups view the project as a means of revitalizing the area and increase hotel space after many rooms were lost as hotels were converted to residential use during the COVID-19, according to a CTV report.
“The 717 property to anchor the Granville entertainment district would make a massive difference,” Royce Chwin, president and CEO of Destination Vancouver, told CTV.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.