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Vancouver's Empire Landmark Hotel Redevelopment Plans
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(Posted on Sep 28, 2016 at 12:55AM by Michelle Bogle)
The Empire Landmark hotel has been a Vancouver icon since its development in the early 1970s. It’s 42 storeys with a revolving restaurant and bar on top offers breathtaking views – views of a neighbourhood that’s currently being transformed into a luxury highrise mecca, overtaking Robson Street.
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As such, it’s not surprising that the former hotel will be coming down to make way for a new condo development. Plans were recently published on the City of Vancouver’s website for two towers along the 1400-block of Robson.
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The buildings will be around 100 metres high, which is shorter than the existing structure, but the profit potential would be much higher, especially since high-end condos are going for up to $1,800 per square foot in the neighbourhood.
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Redevelopment plans for the 40,920 sq. ft. site include:
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• Two towers: 28-storeys and 30 storeys
• 280 residential units (57 social housing units /223 market units)
• Retail use on the ground floorÂ
• Office use on the second and third floors
• 393,850 sq. ft. of floor area
• Total density of 9.63 FSR
• Four levels of underground parking accessed from the lane
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The site is currently owned by 1488 Robson Holdings Ltd., whose directors have the same address as the Hong Kong-based Asia Standard Hotel Group. Property records show that it sold in April for $46,528,000.Â
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To view the development plans in their entirety, please click here. Or, to stay abreast of other commercial real estate investment opportunities and developments across the Lower Mainland, please contact our Vancouver office to speak with a broker.Â
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