2177 replies to this topic

[Victoria Watcher]

How many people actually go with the plans offered? If you have $1M for the lot you liklely have your own unique design ideas.

[lanforod]

True, but do these sales not inflate pricing a bit when they include plans? I genuinely don't know the answer to that. Maybe even more if they include actual permits too.

[Mike K.]

It helps sell the listing by depicting what’s possible.

[Victoria Watcher]

City of Langford suing Bear Mountain developer for $1.88M

 

In a civil claim filed in B.C. Supreme Court, the City of Langford said Vancouver-based Ecoasis did not pay a yearly agreed-upon amount by Dec. 31, 2023.

 

https://www.timescol...or-188m-8462311

 

 

 

According to the claim, the company paid a portion of the road’s cost with development-cost charge credits, but a dispute arose regarding the amount owing to Langford and the timing of the developer’s payment.

 

The claim said that ultimately the two sides entered into a settlement agreement with an effective date of February 2023 when Ecoasis agreed to pay the city $1,886,353.

 

Ecoasis paid an initial $90,000 and another $300,000, but failed to make a scheduled payment of $300,000 by Dec. 31, 2023, the civil claim said. The payment plan was designed to also include $300,000 payments by the end of 2024, 2025 and 2026 and a final payment of $296,353 to complete the agreement.

 

But the missed payment at the end of 2023 triggered the default and Langford’s civil claim for the whole amount owed plus costs.

Edited by Victoria Watcher, 19 March 2024 - 04:56 AM.

[LJ]

In other Bear Mountain news, the golf course owners have decided not to renew their lease with the hotel owner. So say goodbye to the present member's lounge,  locker room,  proshop, cart storage etc. 

 

Can't wait for the new trailers to show up.

[lanforod]

Oh, that's not great. Do the owners have some land access to build something?

[Mike K.]

What’s going on up there?

And whatever happened with that public trail access snafu?

[Matt R.]

It’s still being charged, was there a snafu?

[Victoria Watcher]

WESTIN BEAR MOUNTAIN HOTEL SOLD TO LOCAL BUSINESSMAN AND ENTREPRENEUR
Posted on July 19, 2019
by Shalu Mehta/Black Press

The Westin Bear Mountain Golf Resort and Spa has been sold.

Ecoasis, the company that owns the Bear Mountain Resort has entered a “working alliance” with Raoul Malak, a local entrepreneur and businessman. Ecoasis will still own and be responsible for Bear Mountain’s golf and tennis operations and developable lands while Malak will take over the Westin Bear Mountain’s hotel operations.

Dan Matthews, Ecoasis chief executive officer, said in a statement that the company is at a stage in its business and growth strategy where it is “actively entering into relationships with like-minded companies and individuals that have the passion and expertise in specific disciplines that make up a multi-faceted resort like Bear Mountain.”


https://bearmountain...d-entrepreneur/

Edited by Victoria Watcher, 19 March 2024 - 11:24 PM.

[Victoria Watcher]

Some “colourful” tellings of that hotel owners business history online.

[lanforod]

Turns out they aren't so 'like-minded' after all eh.

[LJ]

WESTIN BEAR MOUNTAIN HOTEL SOLD TO LOCAL BUSINESSMAN AND ENTREPRENEUR
Posted on July 19, 2019
by Shalu Mehta/Black Press

The Westin Bear Mountain Golf Resort and Spa has been sold.

Ecoasis, the company that owns the Bear Mountain Resort has entered a “working alliance” with Raoul Malak, a local entrepreneur and businessman. Ecoasis will still own and be responsible for Bear Mountain’s golf and tennis operations and developable lands while Malak will take over the Westin Bear Mountain’s hotel operations.

Dan Matthews, Ecoasis chief executive officer, said in a statement that the company is at a stage in its business and growth strategy where it is “actively entering into relationships with like-minded companies and individuals that have the passion and expertise in specific disciplines that make up a multi-faceted resort like Bear Mountain.”


https://bearmountain...d-entrepreneur/

Stupidest business decision ever made.

[LJ]

What’s going on up there?

And whatever happened with that public trail access snafu?

The hotel owner and the golf course CEO share an intense dislike of each other.

[Mike K.]

I still don’t understand what’s leading to the lawsuit, the access restriction and the drama.

Why does the golf course meddle in the affairs of a hotel? Who decided to charge an access fee to the trails? Was it the hotel, or the golf course? Or neither?

[Victoria Watcher]

They sold the hotel to get some cash.

Unfortunately the hotel also caters to and has features the golfers like and use.

No idea why they are not making the road instalment payment. Maybe they are short of cash.


Not sure any private property owner wants people using their property for free.

[Mike K.]

I see, so BM the Golf Course/Resort, sold the hotel off, now they don’t get along with the hotel owner.

Got it.

[Victoria Watcher]

$15,900,000

 

 

 

Claire Group & Cushman & Wakefield are excited to present investors with a remarkable oppotunity to purchase this expansive 18+ acre land parcell situated on Bear Mountainin Langford, BC. This property holds significant potential for redevelopment into a distinctive neighborhood featuring a mix of apartment buildingd, townhouses, and detached homes. Prospective buyers are encouraged to engage with the city of Langford to verify and discuss their redevelopment intentions.

 

 

https://www.realtor....d-bear-mountain

[Victoria Watcher]