Quote:
Originally Posted by trofirhen
Pray not !!! Give it Heritage designation! 
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East Asiatic House is already on the Post 40s register as a 'B' - but so is 1090 West Pender. They were both designed by the same architect, but East Asiatic is seven years older. Being designated as a heritage building doesn't protect the building; the City of Vancouver have no powers to require most buildings to remain standing. They can offer incentives to encourage an owner to designate a building to protect it through a Heritage Revitalization Agreement, but that's only through a transfer of additional density either on site or to another site, and there's still quite a bit of unused banked 'space' that's been hard to find a home for. Unlike some parts of the world where the local planners carry a big stick, in Vancouver they only have carrots, and not all developers like carrots enough to try to save a building.
Having said that, East Asiatic's site might be a tough one to build a really big building to make the exercise worthwhile, and although it's in a part of the Downtown that allows residential, there's already a residential tower on the adjacent lot that is pretty close to East Asiatic, so another residential tower probably wouldn't fit there. If a residential tower could easily be slotted in, it would have probably have been proposed already. (East Asiatic is under 4FSR, so quite underbuilt for today's densities).