Colliers is pleased to present this unique opportunity to create a large-scale master-planned community within the City of Nanaimo, Vancouver Island’s second largest city and its commercial and transportation hub. Sandstone offers a compelling capital investment opportunity at a prime location with excellent market fundamentals, ready for approvals and development.
The 726-acre master-planned site is centrally located within the southern boundary of the City of Nanaimo, surrounding the strategic junctions of Highway 1, the Cedar Road interchange, and the Duke Point Highway. This location will become the fifth and largest urban node in the City of Nanaimo, creating residential, industrial, and commercial core areas to serve the southern environs of the municipality and greater market area, as well as to function as a self-supporting community in a regional district that is the second fastest growing in BC.
The project envisions a comprehensive development offering a broad range of land uses, including varied residential neighbourhoods, retail commercial development, industrial enclaves, with 50% of the land dedicated to open space and parks.