A rendering of Emerson, a 15-unit townhome development coming to the 2500-block of Shelbourne Street between Bay and Haultain streets in Victoria. Developer Frame Properties is launching Emerson with a unique mortgage offer that allows homebuyers to choose a 35-year amortization. © Frame Properties
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By Mike Kozakowski of Citified.ca
COLWOOD
Colwood’s former Jasmine Family Restaurant lands along the Island Highway will be redeveloped into a six-storey residential complex with ground floor retail space. Earlier this year, the City issued a development permit for a mixed-use project from developer Groupe Denux, considered among the most active purpose-built rental development firms in the Capital Region. Plans call for 80 residences in a variety of floor plans from studio to two-bedroom plus-den layouts, along with nearly 3,000 square feet of ground level commercial space. Parking will be in the form of an underground parkade, along with a limited number of surface stalls. Read more here
Royal Bay’s latest condominium pre-sale will launch this spring with 82 west coast contemporary homes in one and two-bedroom configurations, according to developer PCRE Group and Rennie Real-Estate, the project’s marketing and sales team. Hot on the heels of Royal Bay’s successful inaugural condominium project from PCRE Group, known as Eliza with a nearly sold-out 117-suite collection of residences, the company has unveiled Bella Park – the first of four buildings at a master-planned community known as Park at Royal Bay – that will be centred on a first-of-its-kind amenity clubhouse for residents and spacious parkland. Four-storey Bella Park will offer views of Victoria’s forested West Shore and picturesque Royal Bay as it continues to welcome more homes and destination-level retail services. “Since the start of construction a decade ago, seaside Royal Bay has evolved into one of the most desirable communities on Vancouver Island. And in Greater Victoria, it represents an amenity-rich neighbourhood to call home within easy reach of the city, schools and shopping,” said Neil Blainey, Rennie’s marketing manager for Victoria, adding that “with Park at Royal Bay’s resident-only clubhouse, homeowners will also have access to a beautiful private club focused on wellness, socializing, work spaces and entertainment.” Read more here
LANGFORD
The West Shore’s newest rental complex to get underway will rise along the 800-block of Orono Avenue in downtown Langford, as Gordon ‘N Gordon Interiors moves forward on a 106-unit apartment building between Jacklin and Peatt roads. The company, mostly known for its interior construction services, is building a residential block to house workers of the firm, and to provide workforce rentals to the broader community. Read more here
SAANICH
The Shelbourne Valley’s newest condominium pre-sale celebrated its Grand Opening event on May 25th. As one of the year’s most anticipated pre-construction home offerings, 87-suite Oak & Stone is the latest release from builder-developer Abstract Developments, which recently celebrated a 50% sold-out milestone at the company’s already underway Central Block in Esquimalt, and welcomed homeowners to its newly completed Sparrow condominiums in Victoria. “In light of the growing demand for new homes in Victoria, Oak & Stone is a pre-sale opportunity at the right time, in the right location, from a home builder with nearly 25 years of award-winning development history throughout Greater Victoria,” Tavish Rai, Abstract’s CEO told Citified. “Saanich’s Shelbourne Valley is one of the most sought after residential destinations in the Capital, served by excellent transit connectivity, nearby retail amenities, and only minutes from the University of Victoria and Camosun College Lansdowne campuses.” Read more here
VICTORIA
An upcoming townhome pre-sale opportunity in Victoria’s Oaklands neighbourhood is making history in the region with a unique mortgage amortization offer targeting first-time homebuyers and families. Frame Properties is bringing its 15-unit Emerson project to market – a new-build community planned for 2536-2538 Shelbourne Street near Haultain Street – comprised of two bedroom plus-den and three-bedroom family-oriented townhomes priced from just under $1 million. Frame is providing future home owners with the option of a 35-year mortgage amortization in lieu of a traditional 25-year amortization, along with a mortgage rate freeze that will hedge against potentially rising rates. Read more here
VICTORIA
A six-storey rental building has been proposed adjacent to Fort Victoria RV Park, and kitty-corner from a recently approved three-building rental project for an area designated as the municipality’s future town centre. Developer GT Mann Contracting with Urban West Architecture have submitted plans for a 94-unit development at 346 Island Highway, at Prince Robert Drive and the western end of the RV park. Plans show units will range from studio layouts through to three-bedroom homes, with a two-storey electric vehicle-ready underground parkade along and three surface stalls for drop-offs and visitors, totalling 95 vehicle stalls. Read more here
Mike Kozakowski is with Citified Media and can be reached at mailto:mike@citifiedmedia.com
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