The "Westcoast Homes" section of the Vancouver Sun has a photo-essay on the ten most interesting places to live downtown. Rotwang's Lab is one of them:
Banff Apartments
The Banff Apartments, built in 1909, are among a small cluster of heritage apartment buildings located between Georgia and Melville streets, at Bute. It is truly surprising that the Banff Apartments have survived nearly a century of development and redevelopment, especially given its location in one of the downtown core's most prominent business areas. This is important in a city that is changing at such a rapid pace. Heritage buildings serve as an anchor to the past; a point of reference for the senior who was raised in Vancouver.
The Banff Apartments, finished in red and green, add colour, texture and form to the modern urban landscape's glass and steel. Also notable is the fact that it has remained a rental building.

I've watched several permit application notices go up on the hoarding in front of the site and come back down again when they failed, mostly because the designs failed to stay clear of the view corridor. Vancouver has a number of protected views that ensure various parks around the city don't lose sight of the mountains. The diagonal lines though the map to the left are the limits of the view corridor. The site dead-centre in the map, across the street from the highlighted site is where the
That will put the two tallest buildings in Vancouver on the next block over (the image to the right shows the street as it is today with the sky the two new skyscrapers will occupy greyed out - Rotwang's Lab is the red wall on the left). A 42-storey hotel/apartment is nearing completion at the corner of Bute and Melville. Two new buildings in the 30-storey range (33 and 28) are going up on the 1200 block of Melville. Soon the small L-shaped enclave of heritage buildings along Bute and Melville will be completely surrounded, including the two 25+ storey towers on that already exist on the same block.