[VanDonald]

Kenneth Chan has posted an update: https://dailyhive.com/vancouver/150-...reative-energy

the new steam plant project has incurred major delays due to project cost escalation and Westbank’s financial issues ... In July 2024, Westbank informed Creative Energy that it had experienced a funding shortfall and could no longer complete the construction of the new plant premises. ... [But now in 2026] it appears the utility company and developer have found a way to advance the project and address the financial challenges without pursuing strategies that require regulatory intervention by BCUC.

Moving forward, essentially everything below grade — including the new vehicle parking and the Creative Energy facility — as well as the new entertainment pavilion building, will remain unchanged, while the office tower project above grade will not proceed.

Instead, the previous 264-ft.-tall, 17-storey, bulky, S-shaped office tower concept — designed by Bjarke Ingels Group and HCMA — with 583,000 sq. ft. of office space and 12,000 sq. ft. of additional ground-level retail/restaurant space has been completely scrapped and is now envisioned to become a 450-ft-tall, 48-storey, mixed-use hotel and residential tower with a data centre and ground-level retail/restaurant space, for a total of roughly 700,000 sq. ft. of building floor area.

Lots more details in the full article.