By Gagandeep Ghuman
Published: Oct. 10, 2013
(SCROLL DOWN FOR VIDEO)
Squamish Oceanfront Development Corporation (SODC) has only picked the companies that will develop the Oceanfront lands, but there is no ‘sale’ yet, says Squamish Mayor Rob Kirkham.
“There are no financial details yet, as there is no “sale,”” Mayor Kirkham said.
“The negotiations will now take place and a sale will happen upon completion of the negotiations.” Mayor Rob Kirkham
He said at this point the two development companies, Matthews Southwest Developments (MSW), and Bethel Lands Corporation (Bethel), have been named, but nothing has been finalised yet, when it comes to finances.
“The negotiations will now take place and a sale will happen upon completion of the negotiations,” he said.
“The negotiations are expected to be complete by mid 2014.”
Kirkham also said that seven expressions of interest were received following the international marketing efforts of Cushman and Wakefield.
Of those seven, two were selected to move to the proposals stage, and were asked to submit detailed proposals.
He didn’t reveal the name of the other five companies, but said the two proposals went through a comprehensive review process by SODC and were presented to the council this Tuesday.
“MSW/Bethel’s proposal was chosen as the one that offered the best opportunity for Squamish,” he said.
It’s been ten years since the then Mayor Ian Sutherland and council managed to buy the Oceanfront land for $3.
VIDEO of Denise Imbeau interviewing the then Mayor Ian Sutherland, courtesy of Squamish Historical Society.
Since then, the land has been a battleground for conflicting egos and political ideas.
The latest announcement on the Oceanfront came yesterday, with SODC picking Matthews Southwest Developments (MSW), and Bethel Lands Corporation (Bethel) as developers for the Oceanfront lands.
“The SODC is very pleased to have attracted such a large development company who has completed major, transformative projects in Dallas, Calgary and Ontario,” said SODC Vice-Chair Gregg Smyth.
“MSW brings an exceptional level of expertise to our community, which coupled with Bethel’s local knowledge, produces a very strong team.”
In a press relese, district said MSW is a developer whose roots began as a family business in Ontario, and is now involved in projects in Canada, the USA and Mexico, and headquartered in Lewisville, Texas.
With offices in Dallas, Calgary, and Mississauga, Ontario, MSW has extensive experience in the redevelopment of brownfield sites including Dallas’ South Side Development, and the recent completion of the $1.4 billion Bow development in Calgary.
Bethel Land Corp. is a Squamish-based development company who has been the principal behind a number of mid-sized projects totaling approximately $102 million in the Sea to Sky Corridor over the past decade.
The MSW/Bethel proposal plans to follow the District of Squamish Sub-Area Plan for the Oceanfront Lands, which was developed with extensive community involvement.