According to the article
"Developer Cadillac Fairview told council they’re ready to begin construction immediately at 2 St. and 2 Ave. S.W. despite the economic downturn."
It also looks like the Hotel is a Fairmont.
Scott Dippel @CBCScott
Interesting. #yyccc hears Cadillac Fairview has signed deal w Fairmont for new hotel @ 2nd Av, just south of Eau Claire Market site.
Scott Dippel @CBCScott
New Fairmont hotel is 185-200 rooms; 9 floors of rooms, 10th floor pool/gym/amenity space in 32 story building. #yyccc
You should see the three buildings on the other three corners of that intersection. They are even more cold and sterile, and it makes for a super lifeless intersection after hours.