Newport Beach Development Update

The Oceanfront Development aka Newport Beach is being developed by Cornerstone Developments and Squamish Nation. The property is located between Howe Sound and the very south end of Cleveland Avenue.

While it may seem like nothing is happening at this site, there is a considerable amount of work behind the scenes required to bring this masterplanned community to life starting with the waterfront park and access road. It is anticipated the park will be under construction by the end of summer 2019 with the detailed designs for the park soon be presented to the public. Whereas, the new access road is well underway with a slated completion of spring 2019

Also, in play are the required approvals from the Department of Fisheries and Oceans and the Ministry of Environment before construction approvals are given. The site used to be home to a chemical plant. Every two years the developer has been testing ocean crabs for their mercury levels to ensure mitigation is properly undertaken. Recent tests indicate a downward trend so talks with the Ministry of Environment are getting closer to a green light. The site will also be raised 3 metres with clean soil.

There are currently designs for an office building on the site with the developer looking for suitable tenants. Construction will commence once tenants are signed.

The planned education campus will likely be a conglomerate of schools with several partnerships. Discussions are underway.

Lastly, the developer is also looking into light rail opportunities through the Sea to Sky corridor. Twenty-first century development is going to require unique solutions to move people to and from centres. The proposal for the light rail is in the very preliminary stages with the province, federal government and District of Squamish starting with a study to analyze the feasibility of this both economically and engineering-wise.

Click here for development overview