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The featured property is located on the southeast corner of Mercer Street and Blackley Street, in the Queensborough area of New Westminster. This central location provides easy and convenient access to all the areas of the Lower Mainland and surrounding municipalities via Highway 91 and the Alex Fraser Bridge. The M-1 current zoning (Light Impact Industrial) would allow for outside storage uses or shorter terms industrial uses as long term industrial usages will be discouraged by the City of New Westminster. The site will be cleared and leveled for any short term storage uses. The subject property is situated in that area of Queensborough which in the official community plan is designated for development with commercial parking on the ground level and up to three levels of multifamily above. Considerable development planning and acquisition is already underway in this area all geared towards a commercial/multifamily community.