Working towards the future Currently, a significant point of emphasis for Value Property Group is the redevelopment of some of their older and larger properties. The company has been around for roughly a quarter-century, and a number of the properties they purchased in their early years are located in areas now earmarked for redevelopment. Value Property Group’s goal is to take advantage of those efforts. As an example, Arnold cites an older seven-acre property located on Terminal Avenue in Vancouver. There, they are looking at developing a “really significant” project, which will include commercial units that will bring employment to the area, and also include up to 1,250 residential rental units on top of the commercial units, “because that’s what the city really needs,” Arnold says. “This is the kind of project I want to see a lot more of. Not just on our properties, but all Mass_NRG_GreyLine_Bleed_OuterMask_CMYK ® / ™ Trademark(s) of Royal Bank of Canada. VPS111586 30060 (07/2023) At RBC® we have dedicated teams of industry-specialized account managers who have a deep understanding of how to support your operations. We know what questions to ask and how to approach your challenges. Get industry-specialized advice working for you. Let’s have that conversation. Visit rbcroyalbank.com/commercial Growth starts with a conversation. 111586 AD_30060_3.583X5.39_S.Kerfoot_0723_E.indd 1 2023-07-27 11:32 AM THE CONSTRUCTION SOURCE CANADA
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