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The market continues to be rife with rumours as to whether or not Sun will also soon close a deal to buy the Molson brewery site in Kitsilano. It’s assessed at about $44 million, but real estate insiders say it’s been sold for $190 million.

Sun, which has run Chinese-language ads on buses and transit stops, appeared several weeks ago to be promoting the Molson site to potential investors.

An online post billed it as a “high return, zero risk” property with development potential for “330,000 square feet of great sea view apartments.”

The city has said repeatedly that the Molson brewery is zoned for industrial use only.

Sun has said that the ad, which appeared on Chinese-language website “vansky.com,” was placed without its knowledge by an individual agent using her own phone number.

For some time, the apartment buildings on Nelson Street appeared on the Facebook site of a former realtor, Julia Lau, whose business card named her as a vice-president of Sun Commercial. Her post said she was looking for investors for a 58-storey tower development at that location.

The previous owners of the Nelson Street apartments are companies directed by developers Bruno and Peter Wall. They had previously started the rezoning process and presented plans for a 60-storey residential skyscraper, but the application didn’t go through so there is no rezoning in place that would allow for a tall tower at the site of the two apartment buildings.