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341 Water Street is situated near one of the most prominent corners in Gastown on the same block as the famous Gastown Steam Clock. The area is intersected by transit routes and is in close proximity to the SeaBus terminal, Waterfront Station and the West Coast Express. Gastown, characterized by cobblestone streets, brick and timber heritage buildings and historical charm, is home to many shops, restaurants, coffee bars, services, public amenities areas as well as engaging design firms, technological and software companies, and leading architectural firms. There are several new developments recently completed within the immediate area, including the Landmark Woodward’s Block.