It all began with the collapse of the newspaper industry, low print sales combined with lower advertising revenues had a lot of newspapers closing, or selling the land and buildings and leasing properties to reduce costs and bring in some cash. The Globe and Mail got rid of their Front and Wellington Street properties and moved east to 351 King Street E. Two developers (RioCan and Allied Properties) then worked together on the old Globe and Mail site to construct the many new buildings making up The Well located at 486 Front Street West.
What makes this development unique is that the separate buildings were connected by a glass canopy running between the towers. It's kind of a cool twist to the outdoor strip mall. Also it has a food court that features a Japadog, a famous street food found in Vancouver.
Sculpture by artist Dustin Yellin titled Emergence
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