David Negrin of Aquilini Development and Construction Inc. will take over as CEO for FN development on 6 properties spanning 160 acres ($1 B worth) of Metro Vancouver land.
David Negrin will begin his new job Dec. 1 as head of the MST Development Corporation, which represents the interests of the Musqueam, Squamish and Tsleil-Waututh nations. Negrin’s appointment was announced Oct. 13 in a press release but Negrin was not made available to the Courier for an interview.
Thanks to Mike Howell at the Vancouver Courier.
From the web site: The MST Development Corporation currently oversees six properties totaling 160 acres of prime developable lands throughout Metro Vancouver, valued at over $1 billion.
Properties fully or partially owned by the MST Partnership are:
- Jericho Lands (west) in Vancouver
- Jericho Lands (east) in Vancouver – co-owned with the Canada Lands Company
- Heather Street Lands in Vancouver – co-owned with the Canada Lands Company
- Former Liquor Distribution Branch site on East Broadway in Vancouver – co-owned with Aquilini Investment Group
- Marine Drive Lands in West Vancouver – co-owned with the Canada Lands Company
- Willingdon Lands in Burnaby – co-owned by the Musqueam and Tsleil-Waututh with Aquilini Investment Group
[Update]: And thanks to Frances Bula in the Globe and Mail for reaction from around Vancouver:
They (the real estate community) see it as a sign that First Nations will now be playing a strong role in the development of that land instead of just being a quiet partner behind a private developer or with Canada Lands Corporation, the federal agency that co-owns with the MST the Jericho Lands on Vancouver’s west side and the Heather Lands, in the centre.
“This is very good news [for the First Nations],” said Jon Stovell, the current president of the region’s Urban Development Institute. “The First Nations groups have been having some difficulty finding a fit with conventional business world and their own expectations. Having a real seasoned professional will assist them.” . .
. . . Mr. Negrin’s departure from Aquilini will be a big loss for that company, said many, even though residential development is only a small part of the family’s empire that includes the Canucks, Rogers Arena, cranberry and blueberry farms, hotels and restaurants.
“It’s now clear the successes they were having were probably David’s accomplishments,” said Mr. Stovell.