News

Mosaic puts Osprey plots up for sale

Two plots of land Pitt Meadows hoped would be the site of a pub and wedding chapel are now up for sale in Osprey Village.

Developer Mosaic is trying to offload 19494 and 19522 Bishops Reach, a pair of commercially zoned waterfront lots.

“They are gorgeous sites in a gorgeous location surrounded by a very successful development,” said Casey Pollard, associate vice president of Colliers’ personal real estate corporation.

The properties are priced between $395,000 to $575,000 on Colliers’ website and form an integral part of the city’s original plans for the community.

Pitt Meadows wants Osprey Village to be a pedestrian-friendly neighbourhood and a destination, similar to La Conner in Washington State, that’s attractive to tourists.

In 2002, Mosaic Homes agreed to build the wedding chapel as part of the development covenant with the City of Pitt Meadows.

The covenant also restricted construction of Phase 4 of the development, until 10,000 square feet of commercial space had been built.

In 2006, the agreement was amended to allow Mosaic Homes to accelerate construction of Phase 4, if the developer agreed to build the wedding chapel by no later than April 2009.

Five years later, the chapel site and pub site remain vacant.

Pollard said Mosaic is in no rush to sell the properties.

“They want to ensure the right party is at the table for the benefit of current residents and businesses,” he added.

“They want to make sure the right mix is there.”

Colliers confirmed it has had several inquiries about the properties.

“There are parties keen on both, but it’s a matter of being the right fit,” said Pollard.

The city doesn’t see the sale as killing all hope for a chapel or restaurant in Osprey Village, but stressed council would never support the sites being rezoned for more homes.

“Maybe somebody will come with a better plan and better fit. You never know what entrepreneurs will bring forward,” said Mayor Deb Walters.

“I think we would be close-minded if we didn’t look at things.”

 

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