A letter from Nch’ḵay̓ CEO Mindy Wight:
Re: International Plaza now under Sḵwx̱wú7mesh ownership through acquisition by Nch’ḵay̓
Dear Squamish People,
I am reaching out to share a historic milestone: today, Nch’ḵay̓ acquired International Plaza as part of a landmark $54.2 million deal that brings the on-reserve residential and commercial complex under the Nation’s ownership and Nch’ḵay̓’s stewardship. This is not only a real estate transaction; it marks a historic milestone in our mission to contribute to long-term wealth and prosperity for the Squamish Nation.
Fifty years ago, International Plaza—a commercial and residential rental complex that includes 471 residential units and over 65,000 square feet of commercial space—was built on our village of X̱wemelch’stn (Capilano IR #5). After decades of watching others benefit from the development and ownership of assets on our lands, this property will now be ours to benefit from as its full owners.
The strategic acquisition of these buildings from their previous owners, CAPREIT, has been years in the making, and is closely aligned with the objectives laid out in the Squamish Nation’s Úxwumixw 2050: Sḵwx̱wú7mesh Generational Plan.
As owners and stewards once again, we reclaim not only the land and buildings, but our voice, our vision, and our responsibility to shape the experience for current and future residents, as well as the future of the site.
We are pleased to confirm that housing security for current residents at the Plaza remains a priority, with no planned changes to existing tenancies. Nch’ḵay̓ has hired Peterson—a trusted full-service commercial real estate firm—as property manager to oversee daily operations. Together, we will focus on upgrades to residential and commercial units, shared spaces, and building infrastructure—prioritizing health, safety, and quality of life for all who call International Plaza home.
We will continue to share plans and progress with our community as new information and opportunities become available. In the meantime, please review Community FAQ document we’ve prepared to address anticipated questions about this important milestone.
Chen wanáxwstúmi (respectfully),
Mindy Wight
CEO, Nch’ḵay̓
For more information, read our Acquisition Announcement & Community FAQ.