10-06-2013, 07:39 AM
It looks like two developers have tired of playing Sunshine Coast ‘Hold Em’ and want to cash in their chips and leave the table. These development projects first appeared on the scene in those heady years of 2005 and 2006 and I profiled both in my Dead ‘Ducks, Non-fliers & Snake Oil’ thread. Yep, the Pender Harbour flu is moving south, folks.
The Drummond brothers of Western Eagle Development Corp in West Vancouver put ‘The Trails’ property up for sale on October 2, 2013. At slightly over 300 acres, the land is on the market for $6.1 million. As can see below, there was no address given so I headed to SC Realtor Gary Little’s RE Map and confirmed it was the Drummond holdings in West Sechelt. On GL’s Map, he has indicated it is only a left portion of the property; however, given the MacDonald Realty write-up it is in line with what Drummond’s proposed building on the entire site back in their 2008 re-zoning application.
Well, I can’t say I blame them now that the Sangaras are undertaking the development of their Silverstone Upland area and with all the other vacant lots and spec homes that have failed to sell in other Sechelt and coast developments. It will take years to clear the backlog of all the vacant lots, unsold spec homes/condos/townhomes and the hundreds of re-sales on the market in Sechelt and the coast as a whole.
Another site for one of those early development proposals went on the market in late spring with NAI Commercial (p. 2). In the first ’Dead Ducks’ thread post I wrote about a really silly proposal to build two twin towers each 12 storeys high. The plan also included a couple of 4 storey condo buildings and lots and lots of parking. Well, there were two parcels of land involved - a four acre piece and this piece below. I am not sure what the developer, SC builder Doug Spani did with that four acre parcel which is likely to the west of this patch - there was no overall site plan found for that early development proposal.
It won’t be an easy sell though for either of this listings because other developers are throwing in their cards, too, and giving up on the 2nd and 3rd phases of their developments.
I think I might take an overall look at failing projects and add to this thread in the weeks, months, (years?) ahead as time permits.
The Drummond brothers of Western Eagle Development Corp in West Vancouver put ‘The Trails’ property up for sale on October 2, 2013. At slightly over 300 acres, the land is on the market for $6.1 million. As can see below, there was no address given so I headed to SC Realtor Gary Little’s RE Map and confirmed it was the Drummond holdings in West Sechelt. On GL’s Map, he has indicated it is only a left portion of the property; however, given the MacDonald Realty write-up it is in line with what Drummond’s proposed building on the entire site back in their 2008 re-zoning application.
Well, I can’t say I blame them now that the Sangaras are undertaking the development of their Silverstone Upland area and with all the other vacant lots and spec homes that have failed to sell in other Sechelt and coast developments. It will take years to clear the backlog of all the vacant lots, unsold spec homes/condos/townhomes and the hundreds of re-sales on the market in Sechelt and the coast as a whole.
Another site for one of those early development proposals went on the market in late spring with NAI Commercial (p. 2). In the first ’Dead Ducks’ thread post I wrote about a really silly proposal to build two twin towers each 12 storeys high. The plan also included a couple of 4 storey condo buildings and lots and lots of parking. Well, there were two parcels of land involved - a four acre piece and this piece below. I am not sure what the developer, SC builder Doug Spani did with that four acre parcel which is likely to the west of this patch - there was no overall site plan found for that early development proposal.
It won’t be an easy sell though for either of this listings because other developers are throwing in their cards, too, and giving up on the 2nd and 3rd phases of their developments.
I think I might take an overall look at failing projects and add to this thread in the weeks, months, (years?) ahead as time permits.