Nicola Wealth Revises Two W 41st Projects After Buying Out Coromandel

Nicola Wealth Real Estate has revised two Vancouver projects on W 41st Avenue after buying out its partner, Coromandel Properties, which filed for creditor protection. The new proposals for these projects include increased height and density, aligning with provincial transit-oriented legislation introduced in 2023. The changes involve a 26-storey and an 18-storey tower with 497 rental units at one site, and a 13-storey tower with 131 rental units at the other, both receiving approval for rezoning text amendments.