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

Highlights:

• Development permit application underway for a potential 14-storey hotel
• Proposed publicly accessible rooftop restaurant designed as a landmark attraction offering panoramic views
• Compelling risk-adjusted development profile
• Opportunity to acquire the adjacent property at 211 Columbia Street - a 19-unit boutique hotel conversion

Description:

80 Powell Street presents a rare opportunity to develop a boutique hospitality asset at the eastern gateway to 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 or 14-storey hotel with a destination rooftop restaurant.

The proposed development has been thoughtfully designed to integrate with Gastown’s historic context, referencing the site’s former CPR railway alignment and off-grid orientation while introducing contemporary architecture that complements the surrounding heritage streetscape. A setback, double-height ground floor creates a highly permeable pedestrian realm, strengthening connections between Powell Street, the laneway, and adjacent public spaces.

Crowning the building, the rooftop restaurant is envisioned as a publicly accessible destination offering panoramic views over the downtown waterfront, port facilities, Burrard Inlet, and the North Shore mountains. Positioned as a modern counterpart to Gastown’s historic western gateway, the project is designed to anchor the district’s eastern edge while contributing to the area’s continued revitalization and long-term economic vitality.

80 Powell Street offers investors a compelling opportunity to participate in the next chapter of Gastown — blending hospitality, placemaking, and heritage-sensitive design in a highly visible urban location.

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