Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Canada  + Pacific Canada  + Finance  | 
Vancouver city council has unanimously approved a policy statement that sets the direction for a major mixed-use redevelopment on the city's west side.

Vancouver City Council Backs Jericho Lands Project

Vancouver city council has unanimously approved a policy statement that sets the direction for a major mixed-use redevelopment on the city’s west side.

Councillors endorsed the Jericho Lands project led by MST Development Corporation. MST is a joint-venture between the Musqueam, Squamish and Tsleil-Waututh First Nations and Canada Lands Company, the federal government’s real estate arm.

The redevelopment is to be completed over the next 30 years. The Jericho Lands owned by the three First Nations and CLC, comprising a 36.4-hectare (90-acre) site in the West Point Grey area. 

The policy statement calls for the development of 13,000 new homes, including 2,600 social housing units and 1,300 secured market and below market rental suites, for 24,000 residents.

The site will contain spaces for various commercial, light industrial and retail businesses expected to create approximately 3,000 jobs. Plans also call for parks, open areas; Indigenous arts, cultural and social spaces; a community centre and an expanded firehall.

A new elementary school, and proposed SkyTrain station (part of the future Broadway line) are slated to be delivered with other parties.

Vancouver sits on parts of the three First Nations’ unceded traditional territories. The Jericho Lands were owned by the Department of National Defence before CLC acquired the parcel in 2014 as part of the MST joint-venture.

“Our people have been on these lands for thousands of years,” said Musqueam Chief Wayne Sparrow in a news release. “To own them again and to be redeveloping them for the benefit of our people is us returning home. Along with our Squamish and Tsleil-Waututh relatives, we look forward to this opportunity to reclaim our heritage, revitalize our lands, and shape a future that reflects our values and aspirations.”  

City staff will now prepare an official development plan for the site’s future redevelopment. Staff will also begin working with MST on rezoning efforts tied to the project’s first phase.

Connect

Inside The Story

MST DevelopmentCanada Lands Company

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
  • ◦People
  • ◦Policy/Gov't
New call-to-action