Burnaby Updates

[SFUVancouver]

Shape sold the subject property to Pinnacle for their proposal for a cool $220M!

Also, just who the heck is Shape? Did they change their name from something else? Their website is a master class on not revealing anything substantive about the company itself. I assume that it is private and they are clearly exceptionally well capitalized to be undertaking Brentwood, City of Lougheed, partnering with CF on Richmond Centre, and have a handful of additional smaller projects, too. But they just came out of nowhere and starting incredibly ambitious projects for which they are following through. I assumed they were a buy-rezone-sell/parcel-off actor when they bought Brentwood and announced that project's redevelopment. I would have put money down that we'd never see a shovel in the ground for City of Lougheed before the decade was out.