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Draft:MST Development Corporation

From Wikipedia, the free encyclopedia

MST Development Corporation

[edit]

The MST Development Corporation is a real-estate developer partnership, owned by the Musqueam, Squamish and Tsleil-Waututh First Nations. [1][2] MST Development's CEO is David Negrin.[3] The Corporation is directed by a board of elected councillors from the three nations.[3]

The corporation was established to cooperatively manage and develop large land parcels that the three nations acquired from government divestiture. As of 2026, six properties that total 160 acres in size are in various stages of planning and construction.[4] These joint projects, combined with individual developments by the three nations are expected to add 25,500 new homes to the Metro Vancouver region.[3]

History

[edit]

In May 2014, The Musqueam and Tsleil-Waututh nations purchased the Willingdon lands in Burnaby from the Province of British Columbia for $57.9 million.[5] The Squamish Nation joined the other two nations in July 2014 to purchase the former BC Liquor Distribution Branch site in East Vancouver for $37 million.[6]

Local developer Aquilini Development co-partnered on both acquisitions, splitting ownership equally with the nations.[7][8] Following these purchases, the three nations formed the MST Development Corporation to cooperatively manage these development projects.[9]

In late 2014, the three nations partnered with the Canada Lands Company (CLC) to purchase three federal land parcels located in Vancouver and West Vancouver. Under the agreement, the CLC acquired a 50 percent ownership stake, while the three nations shared the remaining half.[10] The acquisition included the former BC RCMP Headquarters and the former Jericho army garrison.

In 2016, the three nations purchased the parcel of land directly west of the former Jericho garrison from the Provincial government, making the first MST property acquired without a third party partner.[11][12][13] The MST Corporation later bought out the CLC's ownership stake in the West Vancouver property for $10 million in 2018.[14] In 2020, the three nations signed an agreement to acquire the CLC's remaining shares in the two other parcels from the 2014 purchase.[10]

Development projects

[edit]

x̌eẃs / Xawś (English: The New Village)

[edit]

x̌eẃs / Xawś, the New Village, formerly known as the Heather Lands, is a large-scale mixed-use redevelopment in the South Cambie neighbourhood of Vancouver. The 8.5-hectare (21-acre) site, located between West 33rd and West 37th Avenues at Heather Street, was the former headquarters of the BC RCMP, until their relocation to a new facility in Surrey in 2013.[15]

In 2014, the MST with Canada Lands Company purchased the land from the Government of Canada.[16]

Vancouver City Council approved a rezoning application in 2022 following a 6-year planning process.[17] The plan approved approximately 2,612 residential units along with community amenities. In 2024, the Province of British Columbia announced the Attainable Housing Initiative, to subsidize the purchase of 2,600 leasehold units within the development at 40 percent below market value.[18]

This initiative led to a revised application in 2025 to increase the density within the development from 2,612 allowable units to 4,250 units. The revised plan was approved with 2,940 units expected to be subsidized by the provincial government at a cost of $476 million.[19] The subsidized units would be 99-year strata leaseholds and would be below-market for middle-income earners.

The development is planned to include an MST Cultural Centre, park space, childcare facilities, and a school site.

Jericho Lands (West and East)

[edit]

The Jericho Lands consists of two adjacent parcels in the West Point Grey neighbourhood of Vancouver, totalling approximately 36 hectares (90 acres).[2] Prior to their purchase, the western parcel (Jericho Hill) was owned by the provincial government and the eastern parcel (Jericho Garrison) was owned by the Department of National Defence.[2]

The eastern parcel was purchased in 2014 from the Federal Government by a joint venture between the three nations and the Canada Lands Company.[2][13] Some residents of the neighbourhood expressed concerns about the potential scale of future development.[2][20]

The western parcel was eventually purchased in 2016 from the provincial government for $480 million.[2][12] The western parcel is currently occupied by West Point Grey Academy and a recreation centre run by the City of Vancouver.[20]

In 2022, Vancouver City Council approved a plan to divert the proposed SkyTrain extension to UBC and build a station within the Jericho Lands development.[21]

The proposed development is estimated to take three decades to be completed and is expected to build 13,000 units in 60 buildings, housing approximately 26,000 residents, along with commercial space, parks, and community amenities.[22][23]

Kʷasən Village (Willingdon Lands)

[edit]

The Kʷasən Village development is located across the street from the British Columbia Institute of Technology's Burnaby campus. The development parcel was known as the 'Willingdon Lands' when it was purchased in 2014 by the Musqueam, Tsleil-Waututh nations together with local developer Aquilini Development. The Squamish Nation does not have an ownership stake with this development.

The master plan for Kʷasən Village was approved by Burnaby city council in 2024.[7] When fully completed, the development will include 5,543 housing units, ground-level commercial retail space, a new park and a film studio.[24]

Former Liquor Distribution Branch site

[edit]

The former Liquor Distribution Branch site is located near Rupert Station in East Vancouver. Ownership of the lands is split equally between the three nations and Aquilini Development.[8]

Marine Drive Lands

[edit]

The Marine Drive Lands are located in West Vancouver. The development parcel originally co-owned with the Canada Lands Company, however the three Nations gained full ownership of the site in 2018.[25]

References

[edit]
  1. ↑ Penner, Derrick (February 4, 2020). "MST Development Corp. is about First Nations becoming 'powerful in our territories once again'". The Vancouver Sun. Retrieved August 26, 2026.
  2. 1 2 3 4 5 6 Phan Nay, Isaac (October 24, 2024). "The Jericho Lands give First Nations a say in Vancouver's future. But some say the development is too large". CBC.
  3. 1 2 3 Fumano, Dan; Culbert, Lori (July 15, 2022). "'This is just the beginning': First Nations' real estate megaprojects game-changing for Metro Vancouver". The Vancouver Sun. Retrieved August 26, 2026.
  4. ↑ "Projects". MST Development Corporation. Retrieved 26 June 2026.
  5. ↑ Moreau, Jennifer (March 27, 2014). "B.C. government sells Willingdon lands to two First Nations groups". Business in Vancouver. Retrieved August 26, 2026.
  6. ↑ Chan, Kenneth (October 3, 2024). "First Nations could build Vancouver's new tallest towers at Rupert SkyTrain station". DailyHive Urbanized. Retrieved August 3, 2026.
  7. 1 2 Chai, Howard (October 22, 2024). "Indigenous Kʷasən Village Master Plan In Burnaby Receives Final Approval". Storeys. Retrieved August 26, 2026.
  8. 1 2 Chai, Howard (September 26, 2024). "Concept Options Unveiled For 10-Acre Rupert Station Project By MST, Aquilini". Storeys. Retrieved August 26, 2026.
  9. ↑ "First Nations sign Protocol Agreement, acquire land". Government of British Columbia. March 27, 2014. Retrieved August 27, 2026.
  10. 1 2 Chai, Howard (November 15, 2024). "MST Has Deal In Place To Buy Out CLC From Jericho, Heather Lands, Documents Show". Storeys.
  11. ↑ "3 B.C. First Nations plan to buy Jericho land parcel". CBC News British Columbia. February 12, 2026. Retrieved June 6, 2026.
  12. 1 2 "First Nations acquire provincial Jericho land parcel" (Press release). Vancouver: Government of British Columbia. April 8, 2016. Retrieved June 7, 2025.
  13. 1 2 Cheung, Christopher (May 29, 2019). "Here's What We Know about Vancouver's Huge New West Side Development". The Tyee. Retrieved June 6, 2026.
  14. ↑ "Updates Canada Lands Company and MST Nations Sign an Ownership Agreement for 4195 Marine Drive Vancouver". MST Development Corporation. Retrieved June 25, 2026.
  15. ↑ "RCMP opens new $1B headquarters in Surrey, B.C." CBC News British Columbia. January 8, 2013. Retrieved June 6, 2026.
  16. ↑ "Heather Lands". Canada Lands Company. Retrieved June 6, 2026.
  17. ↑ "Heather Lands". City of Vancouver. Retrieved June 25, 2026.
  18. ↑ "Attainable Housing Initiative Heather Lands". Government of British Columbia. September 19, 2024. Retrieved June 25, 2026.
  19. ↑ Howell, Mike (Apr 1, 2026). "First Nations' project faces questions over province's $476M promise to build 2,940 discount homes in Vancouver". Business in Vancouver. Retrieved August 26, 2026.
  20. 1 2 O'neil, Peter; Robinson, Matthew (February 2, 2014). "The $3-billion debate over Vancouver's Jericho Lands". Times Colonist. Retrieved June 6, 2025.
  21. ↑ Boynton, Sean (March 29, 2022). "Vancouver council approves new UBC SkyTrain extension plan that includes Jericho Lands station". Global News. Retrieved August 26, 2026.
  22. ↑ Saunders, Evan (June 22, 2023). "Massive Indigenous development could triple the number of residents in West Point Grey". Journal of Commerce. ConstructConnect.
  23. ↑ Carrigg, David (April 15, 2025). "First homes at Jericho Lands development in Vancouver could open in 2032". Vancouver Sun. Archived from the original on 2025-07-24. Retrieved 2026-09-05.
  24. ↑ Chai, Howard (January 14, 2025). "Final Six Phases Of Kʷasən Village In Burnaby To Include 5,000 New Homes". Storeys. Retrieved August 26, 2026.
  25. ↑ Gold, Kerry (July 28, 2022). "Indigenous-led development big player in Vancouver real estate". Real Estate News Exchage. Retrieved June 25, 2026.
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