Massive waterfront parcel in Fraser Valley listed for sale
Frank O’Brien
Western Investor
Mission 86.7-acres on the Fraser River is open to bids as a ‘large-scale development site’ with OCP already in place for a variety of uses
Mission waterfront site is preloaded and shovel ready. | Goodman Commercial.
Mission 86.7-acres on the Fraser River is open to bids as a ‘large-scale development site’ with OCP already in place for a variety of uses
An 86.7-acre riverfront parcel along the Fraser River in Mission has been listed for sale in what is considered one of the last large-scale waterfront development sites in the Fraser Valley.
The land, owned by the Braich family, stretches more than one kilometre along central Mission’s Fraser River shoreline.
The land is already designated for development under Mission’s official community plan (OCP) as part of its Waterfront Development Plan, according to listing agents Mark Goodman and Cynthia Jagger of Goodman Commercial, Vancouver.
‘No rezoning is required,” Goodman states in the offering.
Current zoning is industrial, but the OCP allows flexibility.
The offering, at 7011 Herman S. Braich Boulevard, Mission, comprises eight individual titles and provides a purchaser the opportunity to build-out a master-planned community with a wide range of building options.
The property is located just south of Lougheed Highway, with Highway 11 intersecting between the site and CP Rail running on the easterly border.
The site is surrounded by 296 acres that makes up the city’s Mission Waterfront Revitalization plan that has been in the works for years. In December 2021, Mission council approved a rough development plan for the waterfront.
City council is expected to finalize the waterfront plan for implementation this spring. The city’s vision is to create a vibrant waterfront river district with retail, restaurants, office, post-secondary institution, light industrial and residential uses, along with new public spaces along the waterfront. A pedestrian overpass, above the CP train tracks, will connect the site to the downtown.
About 780,000 cubic yards (600,00 cubic metres) of sand, which was dredged out of the Fraser River for Mission’s new main sewer line project, was used to preload the Braich land to flood-construction level.
There is no price listed for the lands. Goodman Commercial is accepting offers through a bid process.
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