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Land Redevelopment Between CLC and the First Nations

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Posted in Development, Federal Government, First Nations, Government, Government Sites, Land Redevelopment, Partnership, Point Grey, Residential, West Vancouver

Three former government sites are now equally owned by the Canada Lands Company (CLC) and three local First Nations following a $307M deal in a historic joint venture partnership. The three local First Nations, Musqueam, Squamish and Tsleil-Waututh Nations, will develop the three sites as partners along with the CLC. As of late, there are no predetermined plans set out for the sites.  

The three former government sites are the following:
1 - Jericho Garrison Lands
     - Located in Vancouver's West Point Grey neighbourhood
    - Formerly owned by the Department of National Defence
   - 52 acres (21 hectares)
   - Value: $237 Million

2 - Heather Street Lands
     - Located on Heather Street between West 33 and West 37th Avenues
    - Former RCMP E Division Headquarters
    - 21 acres (8.5 hectares)
    - Value: $59.2 Million

3 - 4165 Marine Drive
     - Located near Burkehill Road in West Vancouver
    - Former Department of Fisheries and Oceans Property
    - 5 acres (2 hectares)
    - Value: $11 Million

There will be an extensive consultation this year between the City of Vancouver and the District of West Vancouver with plans being pre-approved by the local municipality. The usage of the land must comply with all local bylaws which include zoning, building codes and environmental regulations. Potential benefits coming from this is that the land will used for significant new residential and industrial development. 

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