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Nicola Wealth nixes office plans in pursuit of Vancouver residential tower

Investment firm pivots to apartments amid softening office demand
A rendering of Nicola Wealth's proposal for 2219-2285 Cambie St. in Vancouver includes 212 rental units on top of a five-storey podium. (Nicola Wealth/MCMP Architects)
A rendering of Nicola Wealth's proposal for 2219-2285 Cambie St. in Vancouver includes 212 rental units on top of a five-storey podium. (Nicola Wealth/MCMP Architects)
CoStar News
April 9, 2025 | 11:28 P.M.

Nicola Wealth Real Estate has joined a growing list of developers that are replacing plans for offices in Vancouver with proposals for apartments and hotels as office demand sags in the region.

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