The mixed-use tower under construction at the northeast corner of the intersection of West Broadway and Granville Street became Vancouver’s Central Broadway corridor’s new tallest building when it topped out in its construction in Spring 2024.
Later in 2025, construction is expected to reach completion on PCI Developments’ 410-ft-tall, 39-storey tower at 1477 West Broadway, which now has the new name of “The Stories at South Granville Station.” The tower — designed by architectural firm Musson Cattell Mackey Partnership — gains its name from being fully integrated with the main entrance of SkyTrain’s future South Granville Station.
And now, the sizeable office space component has an anchor tenant that has entered into a long-term lease for a substantial portion of the space.
Nicola Wealth Management announced this week it has leased over 38,000 sq ft of office space across two full office floors.
The Stories’ entire office space component totals 106,000 sq ft, contained within levels four to eight of the tower’s commercial base podium. Nicola Wealth has leased its space — representing 36% of the tower’s office uses — for at least 15 years, and it will have prominent signage of its logo on the tower’s exterior.
Spring 2024 construction progress on The Stories at South Granville Station tower at 1477 West Broadway, Vancouver. (Take Off Photography/PCI Developments)
Construction progress on PCI Developments’ South Granville Station tower at 1477 West Broadway, Vancouver, as of April 18, 2024. (Kenneth Chan/Daily Hive)
“This move reflects our firm’s commitment to our clients, growth, innovation, and sustainability while providing our team with an inspiring environment to collaborate and thrive,” said Christopher Nicola, president of Nicola Wealth, in a statement.
Nicola Wealth is a wealth management firm for high-net-worth individuals, families, and institutions. The company is known to diversify assets under its management in real estate, private equity, and other portfolios.
The firm’s new office at The Stories amounts to a nearby relocation from its existing office at 1508 West Broadway — the office building above the Indigo store at the southwest corner of the intersection of West Broadway and Granville Street, just kitty corner from the new tower.
“We are proud to welcome Nicola Wealth, a pre-eminent Vancouver-based wealth management firm, to The Stories at South Granville Station,” said Jarvis Rouillard, senior vice president of PCI Developments, in a statement.
“Their decision to relocate here is a testament to the appeal of our sustainable mixed-use, transit-oriented development and its accessibility for clients, employees, and the community. We look forward to supporting their continued growth and success for many years to come.”
Construction progress on PCI Developments’ South Granville Station tower at 1477 West Broadway, Vancouver, as of April 18, 2024. (Kenneth Chan/Daily Hive)
Within the upper levels of The Stories above the office volume, there will be 226 secured purpose-built rental homes, including 181 market rental units and 44 below-market rental units.
Below the office volume, there will be about 30,000 sq ft of retail and restaurant space across the first two levels of the building, including 7,000 sq ft of retail and restaurant space on the ground level — such as the return of RBC Royal Bank to this site — and a 22,000 sq ft Loblaws City Market on the second level, with the entrance into this large-format grocery store situated mid-block on West Broadway at the eastern end of the building.
The main entrance into South Granville Station is prominently situated within a ground-level space at the building’s corner with the intersection. It is one of the six new subway stations of SkyTrain Millennium Line’s Broadway extension, which will reach completion and open for service in Fall 2027.
Just south of The Stories, on the south side of West Broadway, Gracorp Properties has plans to provide a secondary street-level entrance into South Granville Station as a part of its new 35-storey mixed-use rental housing tower at 1470 West Broadway, which is also designed by Musson Cattell Mackey Partnership.
Diagram of the commercial uses of the base podium of The Stories at South Granville Station tower at 1477 West Broadway, Vancouver. (CBRE)
Artistic rendering of the tower concept above the future South Granville Station at 1477 West Broadway, Vancouver. (Musson Cattell Mackey Partnership/PCI Developments)
Artistic rendering of the 39-storey tower with rental housing, office, and retail uses integrated with the entrance of SkyTrain’s future South Granville Station at 1477 West Broadway, Vancouver. (Musson Cattell Mackey Partnership/PCI Developments)
SkyTrain South Granville Station design concept, April 2021. (Government of BC)
PCI Developments is responsible for some of Metro Vancouver’s most successful transit-oriented developments, including Crossroads (Broadway-City Hall Station) and Marine Gateway (Marine Drive Station). It also has various projects in the pipeline next to Oakridge-41st Avenue Station, Great Northern Way-Emily Carr Station, VCC-Clark Station, and Moody Centre Station.
Nicola Wealth has indicated it will move into its new office space by the middle of 2026.
The wealth management firm’s real estate division is itself also looking to pursue major building development projects within the City’s Broadway Plan area, including a 10-storey office and retail building at 2219-2285 Cambie Street, an 11-storey office and industrial building at 2224 Alberta Street and 210-220 West 6th Avenue, and the redevelopment of City Centre Motel at 2111 Main Street into two towers up to 24 storeys with rental housing, retail, and restaurant uses. Elsewhere in the city, they are also part of the partnership to redevelop 357 West 41st Avenue into two rental housing towers reaching up to 22 storeys.