Burnaby’s iconic milk plant on Lougheed Freeway was bought for a whopping $218 million.

The 20-acre industrial parcel, owned the Saputo Inc., may not appear “iconic” to you, however as somebody who grew up 5 minutes away, it’s fairly particular.

Again then, within the 1970s, I knew it as Dairyland. I keep in mind seeing all of the milk supply vehicles roll out and in each day. I used to like ready for the milk man to indicate up in our again alley and clomp up the backstairs to ship the chilly stuff.

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The plant has equipped good jobs for individuals for many years. However now it’s leaving and I’m a bit of unhappy.

It’s a bit of our historical past – a bit of my historical past.

The dairy plant was bought for $218 million underneath a possible redevelopment plan. That deal closes within the first quarter of 2019. The client is the Peterson group, which is constructing the Sussex mission close to Metrotown. 

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I’m assuming it is going to change into apartment towers, which is sensible as a result of it’s located proper subsequent to a SkyTrain station. The property subsequent door is owned by Polygon.

All the roles look to be shifting to a20-acre website on Kingsway Avenue in Port Coquitlam.

milk plant rendering
A rendering of what the Port Coquitlam Saputo plant will appear to be.

In accordance with the general public firm’s quarterly report ending March 31 — launched early June — it famous the $240-million mission in its three-year capital expenditure plan “to higher serve the market in Western Canada.”

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Saputo is the most important cheese producer and main fluid milk and cream processor within the nation, distributing almost 232 million litres of product a yr in B.C. — with three-quarters of it going to places round Metro Vancouver.

  • With information from the Tri-Metropolis Information


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