Madison Pacific Properties Inc T.MPC

East Van land sale.

[undervalue]

This land assembly is zoned townhouse with a coverage of 78,000 ft buildable.
Raw land cost $305 a foot. For east Van.
This is a couple blocks form the Rupert square holdings.

East Vancouver 1.23-acre Trout Lake assembly sells for $23.8 million

[Malpeque2]

Which one is closer to the Rail?       This property sale or the Rupert Sq. holdings? What are new condo prices in the area?     Working backwards,   if you spend $23.8M to buy the land,   and the land is 30% of the total cost of whatever you eventually sell on the parcel,   whatever is built and developed..........you have to

[undervalue]

The new buy was on West 6th, rounding out the block.  Existing zoning is 3 times. With a block, you can likely apply and get 6 times. Mount Pleasant is employment lands dominated by Bio tech and tech. This is not housing. This would be a tech or biotech campus. Value per block is a buck a share. Rupert square is east. I doubt housing as well due to rail. The issue is a urban creek, called