James Island (Sotheby’s International Realty photo)

Billionaire enters deal with developer over James Island near Sidney

Article from Arizona-based developer indicates partnership with Craig McCaw

A new partnership involving billionaire Craig McCaw is apparently bringing an Arizona-based luxury developer to privately owned James Island.

According to an article in the latest issue of Discovery Life Magazine, a publication from developer Discovery Land Company, the company recently formed a partnership with McCaw, who bought the island in 1994 for $19 million.

Details on the partnership and development plans are sparse within the article — it’s unclear if McCaw is retaining ownership of the island, which is located near Sidney — but the story mentions plans to develop “fewer than 100 or so housing sites on two- to five-acre lots.”

Black Press Media has reached out to Discovery for comment.

The developer specializes in building private, luxury residential communities and resorts, according to the company’s website. The apparent James Island development would likely be one of the company’s smaller developments, the article states.

The island, which McCaw listed for sale for $75 million several years ago, was valued at close to $57 million as of early January of this year.

The 770-acre parcel is the second largest privately owned island in the region and, currently, features a 4,500-square-foot main house, six guest homes, a private airstrip and an 18-hole golf course designed by Jack Nicklaus.

McCaw purchased the island from a developer who was planning a subdivision of more than 300 houses, according to Discovery’s article. The island was, at one point, home to an explosives manufacturing company, and McCaw spent more than $5 million removing remnants left by the plant from the island.

The Tsawout First Nation launched a lawsuit last year against Canada and B.C., suing for the return of the island. The lawsuit alleges James Island was part of the 1852 treaty with then-Governor James Douglas.

READ ALSO: UPDATE: Tsawout First Nation sues for the return of James Island

READ ALSO: Here’s the one property among B.C.’s 10 priciest that’s not in Vancouver


Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Victoria Humane Society takes revenue hit after donation bins vandalized

Organization removes clothing donation bins after contents removed, scattered

Sooke, Sidney businesses win top awards during the BC Food and Beverage Awards

Sheringham Distillery won Gold Award for Product of Year while Cascadia Seaweed won Innovation Award

Lamborghini driver slapped with nearly $1,000 in fines while speeding in Central Saanich

Vehicle impounded by Central Saanich police, 11 points issued

West Shore RCMP arrives just in time thanks to tip

Officers remind of resources after mental health call Monday morning

Proposed Sidney cannabis store wins favour with public, businesses

Of 348 received submissions, 311 favour cannabis store proposed for 2400-block of Beacon Avenue

Weekend sees 267 cases, 3 deaths in B.C.; Dr. Henry says events leading to COVID spread

There are currently 1,302 active cases in B.C., while 3,372 people are under public health monitoring

Lightning strike: Tampa Bay blanks Dallas 2-0 to win Stanley Cup

Hedman wins Conn Smythe Trophy as playoff MVP

16 MLAs retiring from B.C. politics add up to $20M in pensions: Taxpayers Federation

Taxpayers pay $4 for every dollar MLAs contribute to their pensions

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Shawnigan Lake’s Kubica gets 25 to life for murder in California

Former Shawnigan Lake man convicted of killing woman in 1990

Police seek help in naming Cowichan farm stand theft suspect

Video captured man prying cash box out of stand on Norcross Road

Pedestrian dies in motor vehicle incident along the highway near Nanaimo Airport

Police investigating scene where 37-year-old woman from Nanaimo died

She warned her son about toxic drugs, then he was dead

Donna Bridgman’s son died at the age of 38 in Vancouver

Most Read