In a blockbuster real estate deal, Concord Pacific has bought the Molson Coors brewery lands in Vancouver.
The deal is worth $185 million and the plan is to build a mixed-use residential neighbourhood with a “knowledge-based work centre” aimed at attracting tech firms.
The daily email you need for
's top news stories.
Right now, the property is zoned for industrial use only.
Concord Pacific will have to go to the City of Vancouver for a re-zoning application.
In the meantime, the company says it will lease the land back to Molson while a new brewery is built.