Moody Centre TOD recent sales activity

Moody Centre TOD recent sales activity

Recent real estate activity begs the question of whether any sort of “consortium” plans mean much at this stage. We see these recent property acquisitions, and land for sale (below), along with the four properties ($29M) sold to Kwikletlem First Nations (KFN) starting in October 2017, then flipped within a day to Beedie Developments. It’s interesting to note that at the November 28, 2017 public hearing on Moody Centre TOD, then KFN Chief Giesbrecht (not re-elected) spoke about wanting to build rental housing. Was that just a public relations manipulation tactic? As far as we know, the KFN no longer owns land in this area. (See Moody Centre TOD update, post public hearing for more; also more recently Moody Centre TOD mystery: What’s the plan?)

3006 Spring Street
57,000 sq. ft.
Sold: June 14, 2019 for ~$18M ($17,712,000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3060 Spring Street
25,087 sq. ft.
Sold: June 14, 2019 for ~$9M ($8,856,000)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Sale > Moody Centre Station High-Rise Site
3044-3078 St. Johns Street, Port Moody

Link for more information and video here.

For lease
3020 Spring Street

Likely one of the properties Beedie purchased in the one-day flip from Kwikletlem First Nations. Reference: Vancouver Sun, June 14, 2019, Sold on your behalf: 164 B.C. schools and hospitals, agricultural and industrial lots worth $1 billion.

For sale, 84 Moody Street
BC assessment, current: $2,516,200
Prior year assessment: $2,019,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related:
The “consortium” of property owners for the Moody Centre TOD area have not yet provided for any public engagement. As any proposals could be a long way from actual development, it seems some space may be made available for temporary artist studios.

Tri-City News, August 7, 2019
Dozens of art studios for Moody Centre?
Port Moody’s arts, culture committee backing proposal for temporary artist studios

“We know in the City of the Arts that we have many, many dozens of people looking for space and potentially, in the Tri-Cities, it’s hundreds,” she told The Tri-City News last Tuesday, noting committee members are enthused by the idea and “very much on board.”

The concept, which will likely come before council next month for consideration, involves temporary artist studios at four Spring Street locations that are poised for redevelopment in the next 18 to 24 months.

All are zoned M1 (light industrial) and range in size from 4,200 sq. ft. to 10,000 sq. ft.:

  • 3006 Spring St., Unit C (4,200 sq. ft., mezzanine with a front loading bay);
  • 3008 Spring St. (5,500 sf. ft., with office space, a front loading bay and potential display space at front);
  • 3020 Spring St. (8,000 to 10,000 sq. ft., mezzanine with loading at back);
  • and 3088 Spring St. (eight units on second floor).

None of the property owners is named in the committee document and city officials declined to respond to requests for comment, saying the proposal is in its early stages.”

Click on article title above for full story.

The Moody Centre Community Association (MCCA) welcomes your comments.

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