Quote:
Originally Posted by logan5
Wow. They assembled a whole city block in what seems like a short period of time. There's probly a bunch of other potential projects like this. Economies of scale at work here, assuming they build all at once.
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Storeys reported the site assembly in April. The assessed value of the properties was $53m. "Sightline Properties started acquiring the parcels in September 2024, with most of them being obtained in December 2024 and February 2025. The 26 parcels are now held under four entities: Broadway Kaslo NW Holdings Ltd., Broadway Kaslo NE Holdings Ltd., Broadway Kaslo SW Holdings Ltd., and Broadway Kaslo SE Holdings Ltd., according to the Land Owner Transparency Registry.
The land assembly was acquired for a grand total of $100,428,664."
They have set up four separate companies to develop the site,
it has been reported that it will be a phased development. Sightline have a significant development portfolio, but so far have actually built two townhouse projects. Their six-storey rental building at 3449-3479 W 41st Avenue was destroyed by a fire in August 24 - The VPD ruled out arson as the cause.