The developer of a controversial 28-storey tower on West Broadway that was intended mostly for market rentals is set to sell the project to a new owner, who wants to convert 200 units into lodging for medical travellers.

Despite receiving a low-cost loan from the province in 2023 to build the tower at 2538 Birch St., the site of a former Denny’s restaurant, Jameson Development Corp. was not able to avoid financial pressures and put the project under creditor protection.

It has now agreed to sell the almost-completed project for $235 million to First Peoples Group, an Indigenous advocacy firm, which is hoping to turn what were going to be 200 market rental units into hotel-like units for Indigenous patients and their families coming to Vancouver for treatment.

“Priority will be given to

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