A large parcel of land that has sat vacant in White Rock’s town centre has been sold, with plans for a residential and commercial development in the works for the property.
The 2.5-acre lot, in the 1500-block of Martin Street, was purchased Sept. 30 by Landmark Premiere Properties, according to vice-president of development Patrik Kutak, who told Peace Arch News in an email the company was in the “very early stages of planning anything for the development.”
“The most I can tell you is that our plans would be for a mixed-use development that includes residential and commercial, which falls within the city’s zoning for the site,” Kutak said. “We’re currently looking at incorporating a public plaza into the development, but beyond that, it’s early and I don’t have any additional details at this stage.”
The purchase price of the lot is not being disclosed, Kutak said.
An “outreach event” hosted by Landmark is set for Nov. 20, offering the developers a chance to meet immediate neighbours.
Kutak said once plans and architectural renderings have been completed, there will be more opportunity for public open houses and information meetings.