Vicarro Lands Acquisition
Diverse Properties Ltd (Diverse) is pleased to announce that it has partnered with Seraphim Investments Ltd (Seraphim) in the purchase of the Vicarro Lands (Vicarro) in Abbotsford, BC. Both Diverse and Seraphim are headquartered in Abbotsford, BC.
Vicarro is the homesteads and ranch lands of the well-known local Trethewey family. The lands consist of 3 parcels of land totalling 383 acres, and are dissected by Whatcom Road.
The lands are rezoned to accommodate a mix of 1,400 homes, consisting of various types of housing units, including single-family units, duplex units, townhouses and apartment units. In addition to residential development, large tracts of open space, city parks and a series of trail systems will be secured through the development process.
Diverse and Seraphim are excited about the potential this scenic site holds for the City of Abbotsford.