Power Block: Vancouver's dirty addiction problem

It's getting really disgusting, out here in Vancouver. Intense off-shore investors have inflated real estate prices in the last 10 years to unbelievable levels. What is absurd is that most are poorly renovated, un-permitted, and I'm not even talking about the beautiful homes that are purchased for +$1.5M in a bidding war over a couple days, knocked down, and re-built with some ugly, un-recognizable builder-style residence.

The fact is that the City of Vancouver has become too expensive for many. I rent, luckily in a rent controlled building, and I can not afford real estate in Vancouver proper or the surrounding cities in the GVRD. I'm stuck in my "eclectic" apartment, the building hasn't been touched since it was built during WWI (evident by the aluminum, but safe, wiring.) It's sad. Power Block meets a similar fate.

Power Block

Architects: N. S. Hoffar, 1888 (rear); Townley & Matheson, 1929 (front)

This rare example of an art deco exterior employing colourful terra cotta with Egyptian overtones was designed by the architects of Vancouver's city hall as part of a 1929 building renovation. The interior structure dates form a saloon built in 1888 for Captain William Power, then known as the "Mayor" of North Vancouver's Moodyville. It was expanded and renovated by owner Dominic Burns of the Burns meat-packing family in 1911, the year he also built the nearby 14-storey Vancouver Block with its huge landmark clock. (source)

Power Block (1888 & 1929), 817-819 Granville Street; VHR B Building (1922), 720 Robson; Not on register DE414406 The development application proposes to construct a five storey building with two storey of retail and three storeys of office space above grade and two levels of underground parking. The Power Block Art Deco façade at 817-819 Granville Street is listed in the “B” category and is protected by a Designation By-law (circa 1976) and therefore must be retained. The structure behind the facade is not protected. The circa-1922 building on the corner of Robson and Granville Streets (720 Robson Street) is not listed on the Vancouver Heritage Register, and is slated for demolition. (source)

The proposal

This is what they're replacing it with:

I wonder what's going to happen to MacStation, a mere 4 1/2 blocks away, when/if this is true. Another great and fabulous business that it going to be hit hard.