After 120 years in downtown Vancouver, St. Paul’s Hospital is relocating. The new, state-of-the-art hospital will be constructed on an 18.5-acre site in Vancouver’s False Creek Flats neighborhood.
The current St. Paul’s Hospital on Burrard Street, an iconic mixed-use 6.6 acre development site, has been listed for sale by CBRE Limited. Providence Health Care (PHC) has engaged CBRE to seek out a visionary developer that will reimagine the current site and create downtown Vancouver’s next seminal mixed-use project.
“There’s nothing that even comes close to this,” says Tony Quattrin, CBRE’s vice-chairman of capital markets, “6.6 acres in the heart of downtown, close to transit and amenities, St. Paul’s hospital is a legacy development opportunity in the most strategic location in downtown Vancouver.”
The St. Paul’s Burrard Street site presents an extraordinary opportunity to transform the landscape of Vancouver’s downtown core.
PHC will use the proceeds from the sale of the current site to develop the new hospital, presenting an opportunity for taxpayers to save millions of dollars on a world-class integrated health care hub.