A 6.2-acre water lot, located immediately in front of the Vancouver Convention Centre, is up for a long-term lease.
The water lot extends from the float plane terminal docks out to the end of the railing next to the iconic Drop sculpture.
Colliers International, the real estate company in charge of the property, says it is the last remaining marina development site in Vancouver’s Inner Harbour.
Mark Lester with the company says the original intent of the lot was to include both a float plane terminal and a marina.
“The developers only built the terminal,” Lester said. “It was part of the overall development permit for the Convention Centre. So they built the first portion, but not the second portion and that’s what we are dealing with now.”
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Lester says they don’t have an asking price for the lot at the moment.
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“The nature of the transaction will be dependent on the negotiations with the original developers,” he said. “It’s not a sale per se. It will be a long-term lease and it will be an assignment of that long-term lease, so the price could depend on a variety of things.”
PHOTO: An artist’s sketch of the future mega-yacht harbour
Lester says getting a permission to build a marina is a challenge anywhere in the province of British Columbia, but the lot is approved for that already.
The lot was originally built to accommodate large, private vessels as well as commercial operators such as passenger ferries, whale watching tours and harbour cruise boats.
WATCH: A unique, 6.2-acre water lot in Vancouver’s Inner Habour is now available for lease.
The company says berths for boats over 40 feet are exceedingly difficult to find in Vancouver and very few slips for boats over 80 feet exist in the city.
Lester says the marina could handle vessels from 40 to 300 feet long, and can harbour up to 50 vessels at the same time, depending on the size.
He says it is a unique property that’s hard to come by in the city.
“If you look at Vancouver’s Waterfront, there is not any one place like it. It is as iconic of a Vancouver location as you can get. When it’s built out, it will be a landmark in itself.”
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