A 120-room boutique hotel is coming to Vancouver’s new waterfront development.
On Thursday, Columbia Waterfront LLC and local developer Kirkland Development announced plans to construct a $40 million, 130,000-square-foot building that will include a Hotel Indigo and “a small compliment of apartments and/or condominiums and retail shops, including a spa.” Two levels of underground parking are also in the works, providing 140 spaces.
The building, planned in conjunction with InterContinental Hotels Group, will comprise all of Block 4 of the Waterfront Vancouver project. The block touches the southwest corner of Columbia Way and Esther Street and extends to the west.
Kirkland Development plans to purchase the block from Columbia Waterfront LLC before construction on the building starts in the spring of 2017. Construction is expected to be wrapped up by the summer of 2018.
“Creating this opportunity with Kirkland Development is the right fit for the new, modernized Waterfront Vancouver,” said Barry Cain, president of Gramor Development, the Waterfront Vancouver’s lead developer. “We knew from the beginning of planning this, more than 10 years ago, this is exactly the kind of boutique hotel that will fit well with the huge array of amenities, all of which take advantage of the beautiful river and a soon-to-be-completed, designed park.”
According to the developers, the Block 4 building will include 20,000 square feet of street-level restaurants and retail, while the 120-room hotel’s square footage will total 80,000 square feet. The block’s residential component will total approximately 30,000 square feet. The building will reach six stories above ground.
“Bringing a full-service hotel to this prime position at the waterfront is a win for everyone – for city workers, restauranteurs, retailers, urban dwellers, families, visitors and friends,” said Dean Kirkland, chairman of Kirkland Development, in a press release.
“This is an unequalled modern, south-facing location, and provides developers with creative opportunities for these kinds of investments,” he added.
By next summer, Cain said six buildings will be under construction at the waterfront – two restaurant buildings, two residential structures, an office building and the Block 4 hotel development.
“And, the build-out of the shoreline park along the water is in full swing as well,” said Cain, “with the new designs for Headwaters Wall and the Grant Street Pier.”
The waterfront development project is the result of a public/private collaborative partnership between the city of Vancouver, Columbia Waterfront LLC and Gramor Development Inc.
A separate, neighboring waterfront development project led by the Port of Vancouver also includes plans for a new hotel. Just last month, the port, along with Vancouver’s Vesta Hospitality, announced plans to construct an AC Hotel by Marriott.
