GWL Realty Advisors to Bring Rental Residential to False Creek’s Emerging Health District
December 23, 2024
Developer envisions residential rental, office space, and retail amenities to help address the needs of the future health district in the False Creek Flats
Vancouver, BC; December 23, 2024 – GWL Realty Advisors (GWLRA) is proposing a mixed-use development including secured market rental, below-market rental and furnished rental, as well as office space and retail amenities at 1220 Station Street in Vancouver. The site is one block from the new St. Paul’s Hospital and is adjacent to the Main Street-Science World SkyTrain Station, which is the main public transit node for the city’s new healthcare district. To facilitate this proposal, GWLRA has submitted a rezoning application to the City of Vancouver.
“Our proposal supports the area’s future hospital community by providing much-needed rental accommodation for those who will work at or visit the hospital, as well as medical office space and retail services. The vision is to complement St. Paul’s and its diverse population and needs,” says Geoff Heu, Vice President, Development, GWL Realty Advisors.
The proposed development includes two towers of up to 28 storeys above a commercial podium that can accommodate a grocery store, as well as office space for medical or lab uses. The project will include approximately 400 rental homes, ranging from studios to four-bedroom units. The 1220 Station Street site is bound by Terminal Avenue to the south and Pacific Central Station to the north.
“Located immediately adjacent to the Main Street-Science World SkyTrain Station, this project will offer a tremendous opportunity to support the emerging healthcare district with several complementary uses, and it will play an important role in the revitalization of the area. We look forward to working with the City of Vancouver to bring this forward,” continues Heu.
To fulfil this vision and deliver on the City and the Province’s goals for increased density around SkyTrain stations, GWLRA has requested rezoning of the property from its current office-use designation to mixed-use.
GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects.