By Gagandeep Ghuman
Published: June 2, 2013
After five years of delays and a long struggle with the district, Michael Goodman is finally getting somewhere on his equestrian development.
The Paradise Trails, now rechristened as Paradise properties, recently came up for sale for $16 million, with zoning for up to 82 estate residential lots.
The properties is a parcel of land of 169.51 acres, rezoned for an ‘exclusive community’ of 82 estate residential lots, and a ‘world class horse training facility’ site of 11 acres.
Half an acre lot would cost $495,000, while a two-acre lot would be available for $890,000.
Along with a home, each residential lot owner can also build a detached secondary suite.
The nucleus of the project is the equestrian centre, an exclusive facility for horse rearing and training.
This will be the British Properties of Squamish, said Andrew Scott, the listing agent.
“We want this to be an international destination for equestrian enthusiasts,” Scott said.
“We want champion horses and champion riders to be born here.”
To create this ‘Olympic quality’ equestrian centre, the proponents are pitching the project to investors all over the world.
The ideal buyer would love horses, of course, but more importantly, have deep pockets.
The $16 million is just the value of the land.
Service and infrastructure cost would add another $22 million, bringing the total cost to $38 million.
The spin-off to Squamish in construction and other jobs is huge, Scott said.
Some of the more contentious issues—fire department, flood mitigation, other infrastructure issues—have been resolved conceptually, Scott said.
Even though the scale of the project seems daunting, Scott said there is precedence for such kind of equestrian-themed community in High Point in Surrey.
In the future, the hillside land component of the land (59 Acres) may be sub-divided to create a stage two development with access from the Sea to Sky Highway, he added.