A developer known for its work in the north shore of False Creek is at odds with the city over a piece of land in the area given to Vancouver under the promise it would be used for non-profit housing.
Concord Pacific says in a notice of civil claim that the nearly 60-thousand square feet of property on 601 Beach Crescent was supposed to be dedicated towards a low-rise housing project when they flipped it to the city over twenty years ago.
But the site was put up for sale in May, and the developer is concerned it will be bought with the purpose of becoming a high-rise.
The civil documents say Concord is worried that would compete with their own development plans for its other lands.
Concord wants to buy back the land “at a fair market price”, but in the meantime wants an injunction to prevent any transaction.
The city declined comment, saying the issue is before the courts.