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land asset commercial real estate vancouver bcA parcel of land at the epicentre of one of the most contentious decisions of the last Sechelt council is back up for sale. 
 
In 2015, Sechelt Sustainable Communities (SSC) applied to re-zone 162 hectares made up of several smaller lots in Porpoise Bay for a mixed-use development. However, the project was abandoned after a six-to-one March council vote that rejected sending the company’s rezoning application to public hearing. Then-councillor Darnelda Siegers, who is now the newly elected mayor, was the sole supporter in favour. 
 
The zoning for the land remains CD 13, which is the zoning that was put in place to allow the original Silverback development on the parcel, which went bankrupt. It was intended to include a golf course and 1,600 homes.
 
When SSC, which includes then-mayor John Henderson and developer Clark Hamilton, purchased the land from the Silverback in 2014, the selling price of the parcel was quoted at $11.75 million. The property is now listed at $23.8 million. 
 
For more information regarding this land investment opportunity along the Sunshine Coast, please contact our team of commercial real estate advisors at Marcus & Millichap’s Vancouver office.
 
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