Chinese developer gains foothold for delayed Squamish project

May 5, 2017 11:08 am

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A Chinese development company that paid $30.5 million for 480 acres near Squamish, B.C., five years ago is now proceeding with its first development on part of the site.

Taicheng Development Corp. bought the land through a court-ordered, cash sale in 2012.

Last month, Taicheng was given a permit to set up an office in the Britannia Beach area, following approval from the Squamish-Lillooet Regional District.

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