Half-billion dollar downtown Vancouver Ritz-Carlton project dead

Half-billion dollar downtown Vancouver Ritz-Carlton project dead

SUN0107 Cher

I’m not sure if I should say the termination of the Ritz-Carlton project is a good thing or bad thing.  Some may say that high end luxury hotel-condo project has no place in Vancouver.  At the same time, the site that it would have occupied is now going to be an empty lot.  Mind you, the empty lot is better than the empty concrete shell that occupied that site for years.

It looked like we were going to get 3 large hotel projects in Vancouver.  The first one is done.  The Shangri-La is complete just across from the Ritz-Carlton site.  The second is the Residences at the Georgia Hotel.  The crystal shard that will shoot out of the heritage hotel.  Judging from the missing lanes along Howe St near Georgia St., construction seems to be well under way.  The Ritz-Carlton would have been another large addition.

Are too many of these hotels a sign of Vancouver becoming too much of a resort town or are we growing and maturing as an international metropolis?

From an architectural perspective, it would have been impressive to have 3 new modern towers competing with each other within a few blocks of each other.  However, the global economy does not seem to be cooperating.  Maybe the city can get the land for social housing, but it would probably cost more than the current $500,000-plus unit price at the Olympic Village.

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