A vacant lot in a Hope residential area could eventually be developed into multi-family housing. (Jessica Peters/ Hope Standard)

A vacant lot in a Hope residential area could eventually be developed into multi-family housing. (Jessica Peters/ Hope Standard)

District of Hope sells 1.5 acre lot for $2.55M

Property is cleared for multi-family housing development

The District of Hope has sold 455 Coquihalla Street to a developer for $2.55 million.

Council met behind closed doors on May 2 to discuss the “disposition” of the property that has been the focus on much discussion for years.

The property has a long history of local interest. The District of Hope for purchased the 1.5 acre lot in 2017 as an investment. It was once a site for Imperial Oil, and following that it was the former Community Garden. The Standard reported at the time that council allocated $320,000 for the purchase, in addition to an undisclosed amount for a down payment.

They declassified the information from the May 2 closed (in-camera) meeting, to announced they sold the lot to Centrum Development Group for a multi-use development.

READ MORE: Hope council to mull over ‘disposition’ of 1.5-acre lot in closed meeting


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jessica.peters@abbynews.com

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