Vancouver Luxury Condo Project Up for Sale
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Duet Condo Project in Vancouvers Broadway Area Up for Sale: A Stalled Luxury Developments Future Uncertain
The Duet condo project in Vancouvers Broadway area, featuring a ten-story building with thirty-eight high-end units, is set to be sold in the coming months. The development, which began construction in August 2022, was halted last year due to financial issues faced by the developer, Minglian Holdings. The company owes the National Bank of Canada approximately $35.4 million. The property, valued at $23.3 million by B.C. Assessment, is listed for $35 million to help recover the banks loan. Offers will be reviewed and negotiated between March 6th and March 21st, with court approval expected to seal the deal. The sale could impact local skyline plans.
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