Vancouver Council OKs Hotel Conversion

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Clifton Hotel

vancouversun

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Business

Business & Economics

'We are opening the floodgates': Vancouver councillors raise alarms about loss of SRO units

Summary

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74% Informative

The Clifton Hotel in downtown Vancouver was built in 1910 and operated for decades as a single-room occupancy, or SRO , building.

In 2015 , city hall ordered the heritage-listed building closed, citing unsafe conditions.

The current owner purchased the property in 2016 , and recently applied to convert it into a 67 -room commercial hotel.

Some councillors decry “predatory” real estate practices and debate around how much the city should charge the developer for removing SRO units from the city’s affordable housing stock.

500 Dunsmuir St. operated as an SRO for decades before it was purchased by developer Holborn in 2006 .

With 167 SRO-designated rooms, that means council could impose up to $50 million to replace those units.

The demolition order issued by the city in December did not require Holborn to pay any such amount.

If Holborn seeks a permit under the bylaw in the future, council could require some amount — which could be up to.

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semi-formal

Language

English

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