Jericho lands in Vancouver’s Point Grey neighbourhood have been sold!
A federal Crown corporation and three First Nations bands (Musqueam, Squamish, and Tsleil-Waututh Nations) announced a Massive Real Estate deal in Vancouver. A total price of over $300,000,000 for the 21-hectare Jericho Lands in Vancouver’s Point Grey neighbourhood.
The other two properties are the 8.5 hectare “Heather Street Lands” between West 33rd and West 37th avenues,the former Royal Canadian Mounted Police site and two hectares of land in West Vancouver on Marine Drive.
Canada Lands Company and the three First Nations will be 50-50 owners of three properties
Canada Lands and the First Nations said they will launch an extensive consultation process, including public hearings, starting in early 2015 in cooperation with the municipalities of City of Vancouver and West Vancouver.
– Vancouver Province