MST Development Corporation

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.