The Executive Group and Argo Ventures have announced plans for a three-tower mixed-use development in Vancouver, Canada.
The transaction, which closed in June 2010, transfers 50% ownership in the property to the Executive Group.
Argo Ventures initially acquired the property in 2009.
The project design, by Francl Architects, was recently submitted to the City of Vancouver.
The architect has proposed a 500-unit residential development located atop a 3,716m² retail plaza.
Work is slated to begin soon and completion is scheduled for mid 2013.
The development will also feature a children's daycare component located amid a landscaped green roof setting.