- What A parcel subject to a court-ordered sale had its price reduced by $4m
- Why Plans for the land, in Langley, involved residential and commercial development
- What next The property is one of several Quarry Rock Developments sites on the block
The price of a development property subject to a court-ordered sale in Metro Vancouver has been slashed by $4m.
The asking price for the parcel, at 7010 204 Street and 20443 70 Avenue in Langley, is now $13.5m. Goodman Commercial has the marketing assignment.
On 2 acres in the Willoughby area, the offering comprises two lots making up one corner parcel. A proposal for the site calls for a 254-unit residential strata project dubbed The Graham, with 11,000 sq ft of commercial space on the ground floor.
The parcel is 35 km southeast of downtown Vancouver and is close to Highway 1. It’s just over 2 km from Willowbrook Shopping Centre.
The site is one of several Quarry Rock Developments properties under receivership or in foreclosure. Most notable among them is the under-construction Willoughby townhouse project in Langley, which sold over the summer for $35m.
