When the City acquired the Woodwards parkade on Water / Cordova, they rebuilt it with a shallow skin of office space on the Water Street side. When Storyeum failed, the Vancouver Film School moved in and used the space in the basement for sets, and had office and teaching space in the three floors facing Water St (which are only 9,201 sq ft).
Those three floors were offered for lease at $36 psf, according to
the brochure. Hollytree Hospitality Corporation are proposing to create a pod hotel with 122 pods to potentially serve 130 visitors. They're going to be fully staffed 24/7, so a different model from the Kalido hotels. There's a rooftop patio, for guests, with no food or drink service.