Concord Pacific, one of British Columbia’s largest new-home developers, said it plans to “create a…sustainable mixed-use addition to Vancouver,” on Molson Coors brewery site it bought for $185 million. Colliers International brokered the sale that closed March 31.
“Concord's long-term vision is to attract knowledge-based local and global tech companies to this site,” according to a company statement. Industrial zoning would have to be changed to match this vision. “The property is zoned industrial and shown in the regional context statement as industrial, any change to that would require a regional amendment by Metro Vancouver,” according to a City of Vancouver statement. “The City’s policies for these lands are set, and staff are not contemplating any changes to current policies.”
From: Province of British Columbia. The province announces the following sale.
Deal: 38.8 acres of development land, Point Grey neighbourhood of Vancouver. Sold to three local First Nations bands. Price: $480 million.
From: William Wright Commercial. William Wright agent Cory Wright reports the following sale:
Deal: 7,927-square-foot corner development site, for a proposed 19,480 square foot commercial building, 5100 block of Cambie Street, Vancouver. Price: $5.2 million.
William Wright agent Marianne DeCotiss reports the following sale:
Deal: 3.28-acre oceanview residential development site, with proposal for 38 units, Qualicum Beach, Vancouver Island. Price: $2 million.
From: NAI Commercial, Vancouver. NAI agents: Terry Harding, Jackson Tang and Brandon Harding report the following sales:
Deal:23-unit rental apartment building, St. Andrews Street. New Westminster. Price: $3.65 million.
Deal: Two low-rise rental apartment buildings on Eighth Street with a total of 29 suites, New Westminster. Total price: $4.2 million.
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