Community builder with a mission
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2013 marks a very special year for Aspac Developments. In 1993, Aspac partnered with Marathon Realty, the real estate arm of Canadian Pacific Railway, to create one of the most ambitious urban development plans in North America – the revitalization of Coal Harbour. Two decades later, Coal Harbour is mission accomplished and Aspac seeks to duplicate that success at River Green in Richmond.
Today, Coal Harbour is a bustling waterfront neighbourhood that extends from the entrance of Stanley Park all the way to Canada Place. On any given day, tourists, office workers and residents of the downtown peninsula take in the mountain and ocean views from one of the world’s greatest waterfront promenades.
But it was not always that way. Once the site of a modest coal mine that gave the area its name, Coal Harbour became an important intersection between ship and rail transportation and was a working, industrial waterfront until the 1970s.
More than just a developer of luxury homes, Aspac Developments is a community builder with a mission. “At Coal Harbour, Aspac envisioned an upscale new neighbourhood that would be a mix of residential, office, hotel, retail and service space centred on an active and vibrant waterfront,” says Raymond Li, director and senior vice-president for Aspac Developments. “As our vision became reality and caught the attention of the world, Coal Harbour turned into Metro Vancouver’s best real estate investment and a destination location for locals and tourists alike.”
No wonder the penthouses in One and Two Harbour Green set record selling prices for Vancouver at the time of sale. Investors and residents, contractors, suppliers and professional service providers have nothing but accolades to describe Aspac’s achievements in the Vancouver real estate market.