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Nicola Wealth and PC Urban are looking to develop an office-industrial project near Vancouver's city hall.

Office-Industrial Development Planned Near Vancouver City Hall

Nicola Wealth and PC Urban are looking to develop an office-industrial project near Vancouver’s city hall.

The companies have filed a rezoning application with the city for their property at the corner of West Sixth Avenue and Alberta Street. The location is near Broadway and Cambie Street, where the future Broadway-City Hall station on the new east-west Broadway Line subway crossing Vancouver is to be constructed.

Nicola is participating in the project through its property investment and development arm, Nicola Wealth Real Estate. Both Nicola and PC Urban are based in Vancouver.

The rezoning application proposes an 11-storey redevelopment of an existing heritage building that was previously used for residential purposes. The developers would fully restore the north, south and west heritage facades and partially upgrade the east face.

The city’s Broadway Corridor Plan, which covers the property, does not support residential use in the neighbourhood today.

The rezoning application calls for 8,090 square feet of office premises and 6,438 sf of industrial spaces for such purposes as manufacturing, wholesaling, service uses and creative manufacturing.

The first floor of the building, in the heritage component, is slated to contain retail units, including food and beverage spaces. The second floor would be an extension of those uses or comprise general commercial spaces.

Vancouver-based Proscenium Architecture + Interiors is designing the project.


Inside The Story

Nicola Wealth Real EstatePC UrbanProscenium

About Monte Stewart

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.

  • ◦Lease
  • ◦Development
  • ◦Policy/Gov't
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