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High-density Coquitlam site attracts multiple bids in court

Sale price of $14 million per acre reflects shovel-ready value
218-blue-mountain-street-coquitlam
The court-ordered sale of 837 Lougheed Highway-218 Blue Mountain Street, Coquitlam closed Sep. 18 for $14 million.

DEAL | A one-acre high-density development site at 837 Lougheed Highway-218 Blue Mountain Street, Coquitlam, sold Sep. 18 through a court-ordered process for $14 million. Colliers oversaw an offering process that led to multiple offers presented in court for a site with a development permit in place for a 21-storey mixed-use tower including 150 residential units and 16,801 square feet of commercial space on the first two levels.

PRICE | $14,000,000

FROM | Casey Weeks, Morgan Iannone, Hart Buck and Jennifer Darling, Colliers