MST De­vel­op­ment Cor­po­ra­tion

Vancouver Magazine - - Cover Story -

s ( NEW) UR­BAN REAL ES­TATE DE­VEL­OP­ERS

Power Play­ers With al­most 200 acres of prime ur­ban land ripe for de­vel­op­ment, the Musqueam, Squamish and Tsleil-Wau­tuth Na­tions are ma­jor play­ers in the city’s real es­tate game, steered by Chief Mau­reen Thomas of the Tsleil-Wau­tuth Na­tion, Chief Ian Camp­bell of the Squamish Na­tion and Chief Wayne Spar­row of the Musqueam Na­tion. Their com­bined hold­ings, val­ued at more than $1 bil­lion, in­clude the Jeri­cho Lands, the Heather Street Lands and a large site on East Broad­way, among oth­ers. The MST De­vel­op­ment Cor­po­ra­tion man­ages the land and last year hired David Ne­grin—a se­nior Aquilini ex­ec­u­tive—as CEO. MST’s power at this junc­ture is un­de­ni­able, but the scope of their de­vel­op­ment plans is still a big un­known.

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