Olympic Village & Southeast False Creek Updates Discussion

[jollyburger]

Vancouver realtor wants $2 million for False Creek lot that's valued at $1,500 and likely can't be developed

A Vancouver realtor is asking $2 million for a large, oddly shaped tree-lined lot in South False Creek that has an assessed value of $1,500 and is earmarked as public open space.

According to B.C. Assessment Authority records, the 16,500-sq.-ft. lot at 500 Starboard Square has been valued at just $1,500 for the past five years.

Real estate consultant Michael Geller, who worked on the original development of South False Creek, said that under the 1983 False Creek Area plan, the Starboard Square lot for sale has been set aside for public space and cannot be developed.

Geller said the lot was listed for sale last summer at the same asking price, but was delisted. It was re-listed on July 28.

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A relic of False Creek's industrial past is coming down

The giant wooden beams that held up the structure will then be stored, with the goal of rebuilding it as the surrounding area is redeveloped.

“The Wilkinson Steel building is being carefully deconstructed as part of a plan to preserve and eventually restore its heritage elements for future reassembly in the same neighbourhood,” said an email from the city.

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