The provincial and federal governments each own large adjacent tracts of land in Vancouver that are called the Jericho lands. Both levels of government retained us to conduct a detailed evaluation of the development potential of the land, to estimate the costs of a major rezoning and redevelopment plan, and to estimate the net yield from disposition of the land.
West Vancouver needed a new police headquarters to replace an old existing facility that was inadequate. We analyzed the development potential of the existing site (which will be surplus when the new facility is complete) for residential, retail, office, and hotel use. We provided conclusions regarding the optimum development potential and we estimated the proceeds from sale of the site.
For Translink, we evaluated the development potential of a surplus vacant site located adjacent to a new transit station in Vancouver. The land was acquired for station construction and www, but on completion of the station a portion of the site is surplus to future transit requirements. We evaluated the potential for residential, retail, and office use. We provided conclusions regarding the optimum development potential of the site and the likely proceeds from disposition.
For the City of White Rock, we evaluated the development potential and land value of a works yard site, to help the City decide whether it was more financially attractive to retain the site or relocate the works yard functions to a less valuable site and rezone the vacated property for residential use.
For the City of Vancouver we analyzed the development potential and value of a 100 acre parcel in the southeast sector of the City under existing industrial zoning and under various mixed-use rezoning scenarios.