For Sale | 80 Powell Street | Landmark Gastown Hotel Development Opportunity

Highlights:

• Landmark Gastown Hotel Development Opportunity
• 13-Storey
• 90 Rooms
• Destination Rooftop Restaurant
• Compelling risk-adjusted development profile

Description:

80 Powell Street presents a rare opportunity to develop the first purpose-built hotel in Gastown, one of Vancouver’s most iconic and culturally significant neighbourhoods. The site is currently improved as a surface parking lot and is the subject of an active development permit application for a 13-storey hotel featuring a publicly accessible destination rooftop restaurant.

The proposed development has been carefully designed to integrate with Gastown’s historic urban fabric, referencing the site’s former CPR railway alignment and off-grid street pattern while introducing contemporary architecture that complements the surrounding heritage streetscape. A setback, double-height ground floor enhances pedestrian permeability and the guest arrival experience, strengthening connections between Powell Street, the laneway, and adjacent public spaces.

Atop the building, a rooftop restaurant is envisioned as a signature destination offering panoramic views over the downtown waterfront, Burrard Inlet, port facilities, and the North Shore mountains. Designed to serve both hotel guests and the broader community, the rooftop functions as a core branding and revenue component, supporting year-round demand and visibility beyond the in-house guest base.

The hotel’s scale and configuration are well aligned with hospitality operations in Gastown, supporting efficient room counts, experiential positioning, and strong per-key performance. 80 Powell Street offers owner-operators and development partners the opportunity to establish a landmark hospitality asset in a highly supply-constrained market, with enduring appeal for both long-term hold and future investment options.

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