This new tower was approved for rezoning over five years ago. It’s located on the southern end of the Downtown peninsula. The design changed for the development permit to the one below. (We’re showing the same view for both the built, and the design, from Richards and Drake).
DIALOG’s design for the 258 unit 43 storey tower includes retail space at the base of the tower, and 12 townhouses. It first appeared on the City’s website in January 2012, went to a March Urban Design Panel as a first step in the approval process and received unanimous support.
Wall Financial are the developers, and unusually (but not uniquely) the rezoning was accompanied by an offer to build $23.5 million worth of non-market housing on another Downtown South south site. Despite paying a contribution based on a strata project, Wall have decided (for now at least) to lease all the units in the building, now named Peter Wall’s Yaletown. Two bed two bath units are being offered at $2,750 a month.
Apart from the change from golden balcony glass to clear with a white band, the tower hasn’t really differed from the plans. The original render eliminated the taper that is experienced looking up a 43 storey slim tower (the block is 20 feet narrower than a typical block), so appears somewhat different, but that was purely artistic licence.