The site is zoned for light industrial development, located within the Big Bend precinct, where there is a large cluster of business parks and high-tech businesses.
A minimum bid for purchasing the site has been set at $63 million, while the minimum bid for a 60-year lease is $54.6 million.
BC Assessment has provided the property with an assessed value of $60.068 million.
Interested parties can submit a package for both options until the closing date of April 2, 2021 at 4 pm.
Site of 3990 Marine Way, Burnaby. (Google Maps)
Site of 3990 Marine Way, Burnaby. (Google Maps)
A bulletin by the municipal government has made specific note that it will “prioritize job-generating offers from proponents with experience in developing offices, and new media and film production studios in Metro Vancouver.”