Nicola Wealth Proposing 10-Storey Office Building Near Olympic Village

By Howard Chai
Storeys Toronto
January 4, 2024
Category: Wood, Paper & Green Building
Region: Canada, Canada West

VANCOUVER, BC — Vancouver-based wealth management firm Nicola Wealth has submitted a rezoning application to the City of Vancouver to develop a new 10-storey office building on Cambie Street and West 7th Ave. The site is currently occupied by Robinson Lighting & Bath. The site is across the street from Canadian Tire and steps away from the Canada Line… It would include 4,835 sq. ft of retail space on the ground floor and 89,322 sq. ft of office space on the floors above, plus an additional 1,977 sq. ft of indoor amenity space. Notably, it will, in part, utilize mass timber and cross-laminated timber floor panels. “Mitigating carbon emissions from the construction sector is critical to meeting emission reduction goals,” notes MCMP Architects, who are serving as the architect of the project. “Experts indicate that mass timber structures can reduce a building’s embodied carbon by up to 70% compared to a steel or concrete alternative.”

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