Indigenous Kʷasən Village Master Plan In Burnaby Receives Final Approval
The property is owned under 0996501 BC Ltd. and controlled by Willingdon (AQ/MIB/TWN) General Partner Ltd., with each of the three partners owning a 1/3 stake
On Monday, Burnaby City Council granted final approval to the first Indigenous-owned development project in the city: Kʷasən Village, which is also the largest Indigenous-led development project outside of Vancouver.
Kʷasən Village will be located at 3405 Willingdon Avenue, a 40-acre parcel at the southwest corner of Willingdon Avenue and Canada Way that's also known as the Willingdon Lands. The site is located directly across the street from BCIT's Burnaby campus and about midway between the Metrotown neighbourhood and Brentwood neighbourhood.
The project is being undertaken by the Musqueam Indian Band, Tsleil-Waututh Nation, and Aquilini Development, who jointly acquired the property from the Government of British Columbia in 2014 for $57.9 million. BC Assessment currently values the property — which primarily consists of some institutional buildings, parking lots, and greenspace — at $233,114,000.
The property is owned under 0996501 BC Ltd. and controlled by Willingdon (AQ/MIB/TWN) General Partner Ltd., with each of the three partners owning a 1/3 stake, according to a Musqueam financial document.