Imperial Oil Sells 232-acre Site in Port Moody to BCG
Imperial Oil has sold its 232-acre property in Port Moody and Anmore to a Vancouver-based company called Brilliant Circle Group (BCG), The Tri-City News has learned.
The sale became official last week, nearly two years after Imperial Oil put the property up for grabs as one of the largest prime real estate development opportunities in Metro Vancouver.
The undeveloped land — 150 acres in Anmore and 82 in PoMo, including the historic Ioco townsite — sits on the eastern side of Imperial Oil’s 600-acre holdings in the area.
“We’re starting with a blank piece of paper, we’re not coming in with any preconceived ideas,” said architect James Cheng, renowned as one of Vancouver’s leading residential tower designers. Cheng is representing Vancouver-based BCG and said the company’s principal, who asked that his name not be used, is a Canadian citizen with residences both here and in Hong Kong.
BCG is well aware of the environmental, heritage and bylaw restrictions on the land, Cheng said, but the property was too enticing to resist, adding that the group has purchased chunks of land in Metro Vancouver before but nothing on this scale.