A 700-acre parcel at the junction of the Inland Island Highway and Comox Valley Parkway, once owned by Comox Timber, officially became Trilogy property this year. However, several steps remain before the Vancouver-based developer can start turning dirt.
Trilogy president/CEO John Evans is planning a mixed-use development at the site, consisting of retail, restaurants, hotels and housing. He’s calling it CAYET, loosely derived from Aboriginal language meaning water, lake and mountains.
The proposal has various components: CAYET Discovery is anchored by a visitor centre, and will include a retail and educational component; CAYET Traders is commercial space for automotive and mid-box retail; and CAYET Commons is a 400,000 square-foot entertainment component that includes housing and possibly a resort or casino.
But before any of this can happen, the parcels of land need to be subdivided into smaller parcels, and fully serviced both on- and off-site. Development covenants need to appear before Cumberland council for approval.
Evans could not be reached for comment. In previous interviews, he said the company had spoken with Canadian and American retailers, and with developers on Vancouver Island, the Lower Mainland and Alberta.