On March 15, 2016, Vancouver Coastal Health Authority (VCH) completed Phase II of its $302 million land sale to the Onni Group of the Pearson-Dogwood site on the Cambie Corridor in Vancouver.
Clark Wilson, with a team led by Darren Donnelly, is honoured to have represented VCH in both phases of this transaction (Phase I completed in 2015). The Pearson-Dogwood site is 24.5 acres and will be developed by Onni into approximately 2.3 million square feet of residential space. VCH remains actively engaged.
When the site is subdivided, VCH will reacquire a portion of it for development into a healthcare facility. As well, Onni, YMCA and VCH will be the owners of air spaces in an integrated building comprised of a YMCA pool and health facility, a VCH community health facility and an 11-storey residential tower. Clark Wilson will continue to work with VCH on these developments.
Read Business in Vancouver’s recent article to learn more about the project and its benefits for the Cambie Corridor.