The Supreme Court of British Columbia has set a foreclosure date for more properties owned by Coromandel Properties, this time for the lands associated with a project planned for a site one block away from Nanaimo Station in Vancouver.
The lands for AC Nanaimo consist of an assembly of nine parcels of land: 2415, 2419, 2425, 2441, 2459, 2461, 2469, 2475, and 2483 East 26th Avenue. The foreclosure order does not list the addresses of the properties, instead listing nine parcel identifiers that match the above addresses.
According to the creditor protection petition, which lists all of Coromandel Properties’ assets and liabilities, the nine properties were all purchased from different owners in 2021 for a total purchase price of $29.6M.
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