Parcel of 110 acres of reserve land will depend on “market drivers” to steer PoCo industrial project

Frank O’Brien of Western Investor has a good piece on the Kwikwetlem development.

It is at least a year away from signing its first tenants, but the Aboriginal-owned Kwikwetlem Business Park in Port Coquitlam is not expected to have much problem filling up due to a severe shortage of industrial land across Metro Vancouver.

The industrial vacancy rate in the Metro region stands at 1.4 per cent, the lowest in Canada. There are virtually no large parcels of industrial land left to develop, according a second-quarter survey by Colliers International.

Chief Ron Giesbrecht of the 107-member Kwikwetlem First Nation, also known as the Coquitlam Indian Band, said the site with frontage on Pitt River Road would be built out in three phases. The first phase will be a $15 million, 105,000-square-foot health and wellness centre for the use of band members and residents of the Tri-Cities area.

Read more at link.

Kwikwetlem First Nation develop Port Coquitlam industrial site

It is at least a year away from signing its first tenants, but the Aboriginal-owned Kwikwetlem Business Park in Port Coquitlam is not expected to have much problem filling up due to a severe shortage of industrial land across Metro Vancouver. The industrial vacancy rate in the Metro region stands at 1.4 per cent, the lowest in Canada.