Practically 40 years after Vancouver hosted Expo 86, one of many occasion’s few remaining undeveloped websites alongside False Creek has been bought.
The parcel of land at the moment residence to the Plaza of Nations, was quietly bought to the Northchild Group a number of months in the past.
It isn’t instantly clear how a lot the a number of metropolis blocks value of land have been bought for. The parcel of land was most just lately valued at over $400 million.
A earlier proposal for the land below its former homeowners envisioned a sequence of mixed-use buildings with greater than 800 houses in it.
The earlier metropolis council accepted that plan, however the work by no means moved ahead.
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Vancouver Metropolis Councillor Sarah Kirby-Yung mentioned the brand new homeowners haven’t but made their intentions clear for the location.
“It might be nice to get the completely different events collectively, I’d love to listen to what they’ve to supply. I perceive they’re new to Vancouver,” she mentioned.
“It actually is a chance to plan an important neighbourhood for Vancouver, as a result of we actually don’t have loads of undeveloped parcels like this.”
Final week, developer Harmony Pacific unveiled its own proposal for a big undeveloped piece of land simply to the east of the Plaza of Nations.
Harmony Pacific envisions constructing 5,000 houses in 12 towers in Northeast False Creek, together with a waterfront park.
That plan would require the elimination of the getting older Dunsmuir and Georgia viaducts, one thing the Metropolis of Vancouver accepted in 2015.
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