Andrew Peller Limited announced that following a Regular Council Meeting on July 25, 2023, the City Council of Port Moody, B.C. gave 4th reading and approval for the Company's five-acre site, which will pave the way for a comprehensive mixed use development project for the community. This site was the location of the Company's first winery opened by Andrew Peller in 1961. Winery operations ceased in 2006 and production was moved to Kelowna following the Company's acquisition of Calona Wines that year.

Phase one of the project, which covers 76,218 square feet of the site, will create a mixed-use urban neighborhood, including conditional and market rental residential homes, below market rental artist studios, a 50 space childcare center, an arts centre that would include a 300 seat performing arts theatre, and a mix of commercial spaces for retail and office. The plan will put a focus on the overall Port Moody community with enhancements to parks, trails, and the implementation of pedestrian and cycling improvements. The Company will now begin the process of finding development partners to facilitate the completion of the project.