Quarry Rock Developments continues to divest its assets, with the latest sale being a property intended for a mixed-use development named 'The Met' at 2245 McAllister Avenue in Port Coquitlam. Originally planned as a six-storey building with residential units and commercial space, the site is now part of the company's receivership proceedings initiated by Canadian Western Bank.
Slowly, the numerous properties that were owned by Quarry Rock Developments are being sold off one by one, with the latest being a project called The Met .
Also listed as respondents in the case were Lawson Acquisitions Ltd., Willis Developments Inc., and Quarry Rock Developments Inc., which were identified as the guarantors of the loan. Following the receivership, the sales process for 2245 McAllister Avenue commenced on April 24 with the Receiver retaining Hart Buck and Jennifer Darling of Colliers to. The property was listed with an asking price of $18,500,000 — higher than the BC Assessment valuation of, a non-profit that was formed this year, voiced interest in acquiring the project for $28,400,000, contingent on receiving financing from the Province's.
QUARRY ROCK DEVELOPMENTS THE MET PORT COQUITLAM RECEIVERSHIP CANADIAN WESTERN BANK
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