Ea
Early Projects
Malaspina Heights, North Vancouver, BC
Awaiting Subdivision Prospectus (required in 1979), the developer suddenly faced critical financing issues with unexpected approval delays. At stake: forfeiting the large property purchase deposit and all legal, subdivision planning and engineering work that had been largely completed.
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Creation of an "Interim Buyer": Two Non-Reporting Companies, which at the time stipulated a maximum of 25 Shareholders each, served this purpose. This allowed a share-for-lot exchange, as "Offering Units", serving as presold lots on a first-come, first-serve basis to individual Home Builders. Despite delays related to the required Prospectus, the property purchase was completed.
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Noteworthy Point: "Unlocking the mystery" of a property – i.e., realizing its true, inherent value may have little to do with the physical property itself, but rather, as this fine example demonstrates: how "the deal" or financial structure is resolved.
Image: Google Earth
5th & Victoria, Kamloops, BC
​Although environmental rule-changes precluded the original proposed Hotel from advancing beyond initial development approval status (newspaper clip), it nonetheless did expose the intrinsic value of this former GM automobile dealership property.
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In 1980 Kamloops desperately needed new, additional hospitality facilities. Encouraged by City Officials, a proposal (see rendering) was submitted and accepted. Pursuing the LandScope™ mandate this proved-up the site's potential, prompting a third-party purchase.
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Today it holds the City's Library.
Image: Google Earth
Rose Hill South, Kamloops, BC
The original cost-prohibitive proposal called for water from the Thompson River (D. Blue Line), pumped up the hill with septic fields addressing the individual lot sanitary needs.
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The solution identified a more direct and far shorter route to City Utility Services, unlocking the potential of this 112-acre raw land (143 lot) subdivision project.
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Successfully negotiated terms to tie into the Juniper Hills subdivision (L. Blue Line) to the East. This changed the dynamics to create a viable project.
All Images: Google Earth
