July 2026 update
MNP Ltd. is actively marketing the site and confirmed that there are multiple interested parties. MNP will provide relevant updates on their website.
The District is in communication with MNP Ltd. representatives regarding the site to ensure continued management of the site and resolution of any identified issues. District staff continue to monitor the site and will respond as required if any safety issues or bylaw concerns are identified. The District is currently working with MNP representatives to identify high priority works for the surrounding public areas that should be completed independent of the development project.
March 2026 update
On March 3, 2026, the Supreme Court of British Columbia granted an Order appointing MNP Ltd. as receiver and manager of 2490 Marine Drive Ltd., Dundarave Beachside GP Ltd., and Dundarave Beachside Limited Partnership, the developer of the Pierwell project in Dundarave.
MNP Ltd. is currently reviewing next steps in relation to the development and will provide updates on their website.
The District is in communication with MNP Ltd. representatives regarding the site to ensure continued management of the site and resolution of any identified issues. District staff continue to monitor the site and will respond as required if any safety issues or bylaw concerns are identified.