Cambie Corridor Updates

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Landmark Premiere Properties has three Cambie projects going into insolvency according to Storeys. Previously their ShawnOaks project went —-up.

Landmark Premiere Properties Facing Second Insolvency In Vancouver
This latest insolvency for Landmark Premiere Properties is pertaining to three parcels right across the street from Oakridge Park in Vancouver.
Howard Chai
April 29, 2025

Vancouver-based real estate developer Landmark Premiere Properties is the subject of a second insolvency proceeding that was initiated earlier this month, according to filings in the Supreme Court of British Columbia obtained by STOREYS.

The subject properties are 745 W 41st Avenue, 715 W 41st Avenue, and 5693 Heather Street in Vancouver. The parcels are three of the five parcels that make up the block between Baillie Street and Heather Street along W 41st Avenue, right across the street from Oakridge Park.

Notably, the three parcels are separated by two other parcels — 733 and 725 W 41st Avenue — that are not subject to the insolvency proceeding and it is unclear if the two remainder parcels are owned by Landmark Premiere Properties...

...The guarantors of the loan was Landmark Premiere Properties Ltd. and Yuxia Sun, also known as Helen Chan Sun, the CEO of Landmark Premiere Properties.

The maturity date was later extended to May 1, 2025, but the borrowers are currently in default of the loan, although the exact reason was not detailed in court documents. According to the lenders, they made a demand for payment on March 7, but the borrowers have still been unable to pay the outstanding amount, prompting the lenders to initiate the proceedings...

https://storeys.com/landmark-premiere-properties-oakridge-heather-vancouver/