The 17.1-acre site at 3990 Marine Way is in the Big Bend neighbourhood, part of a major industrial and business park in South Burnaby.
“This is a rare and exciting opportunity to develop a parcel with so much potential,” said Mayor Mike Hurley in a news release. “It’s a fantastic location, and we’re looking for proponents who want to create jobs in our community and create a home for businesses that want to put down roots in Burnaby.”
In its announcement, the city hyped up the location as being near public transit, parks, walking trails and shopping. The Riverway Golf Course, Burnaby Fraser Foreshore Park and Market Crossing Shopping Centre are all nearby.
There are no buildings on the site, which is currently assessed to be worth $60 million – up from the $52.4-million valuation a year ago – according to BC Assessment.
The minimum bid to purchase the lot is $63 million, while the minimum bid for a 60-year lease is $54.6 million, according to a news release from the city.
The closing date for the sale offer is 4 p.m. on April 2.
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