An unfinished luxury condo development along Vancouver’s Broadway corridor is expected to be sold over the next few months.
According to B.C. Supreme Court documents, the Duet project at 2511 Spruce St. was put on the market by a court-appointed realtor after the developer Minglian Holdings Ltd. was granted creditor protection last fall.
Work on the project began in August 2022 and stopped last year, with the National Bank of Canada still owed $35.4 million. Minglian president Sean Huang told the court the project experienced delays and cost overruns due to disputes with contractors and general economic conditions, including tariffs.
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Marketing materials describe the 10-storey, 38-unit development as “the high note of luxury.” Work stopped on the eighth floor.
Court records show realtor Cushman and Wakefield is selling the property for $35 million to recoup money owed to National Bank.
The court monitor’s most recent report dated Feb. 20, 2026, states that between March 6 and 21 all offers will be reviewed and negotiated. During this time, one of those offers is expected to be accepted. An application will then be made to the court for approval of the selected offer.
B.C. Assessment records show the assessed value of the development as of July 1, 2025 is $23.3 million, with the building worth $13.8 million.
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