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Monday, February 26, 2024

Developer wants option to operate hotel in upcoming Main St. condo building

Developer would lease units to app-based hotelier Sonder

The developer of an upcoming six-storey condominium building at East 4th and Main Street is asking the city for the flexibility to convert the units into hotel rooms.

The building will include 49 condo units and a 37-space childcare facility.

In a staff report, PortLiving is seeking permission to operate a portion or all of the strata units above the ground floor as a hotel.

Plaza perspective
West plaza perspective looking east along East 4th Ave. Credit: PortLiving/Formosis Architecture

PortLiving says it would partner with Sonder Canada — a San Francisco-based hotel startup that leases apartments and operates them as hotel rooms.

The company operates 6,500 units in more than 20 cities in the United States, Canada and Europe. Sonder plans to open a hotel on Seymour Street in the Arts and Crafts Building in spring 2020, through a partnership with building owner Coromandel Properties.

PortLiving says the hotel use of the property would be through a master lease that would run for a set term, typically five years. At that point, the lease would be re-assessed by the owner, and could either continue for another set term or convert back to residential use.

The city says hotel use is encouraged by the Interim Hotel Development Policy, which aims to address the continued shortfall in hotel rooms in Vancouver. PortLiving would initially be required to construct the project for residential use, and apply for a Development Permit for the hotel use should they pursue the partnership with Sonder Canada upon project completion. 

The rezoning application has been referred to a public hearing.

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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