Newport Beach - Oceanfront Development

Through a community visioning process, Squamish developed a plan for the Oceanfront peninsula that will redevelop the former industrial area that the District acquired in 2004 and is being transacted through the Squamish Oceanfront Development Corporation (SODC). When fully developed, these lands will showcase the best of Squamish, capitalizing on the oceanfront to create a work-live-learn-play lifestyle that is authentically Squamish. The full details of the oceanfront development can be found on the SODC website, and in the Official Community Plan Bylaw (Oceanfront Sub Area Plan).

On July 31, 2014 the District of Squamish and SODC signed two important agreements required for the sale of the Oceanfront Lands with Matthews Southwest and Bethel Lands Corporation (MSB) –  the Purchase and Sale Agreement and the Limited Partnership Agreement (Newport Beach Developments). After many months of intense and complex work, and many meetings of Council and opportunity for community input, the transaction closed on February 3, 2016 and the Oceanfront Lands changed hands. February 2016 signifies the beginning of a 20-year development plan that will see the original community vision become a reality.

This page links you to information on the key elements of the development transaction: click here to read “SODC Land Valuation and other questions”.