A rendering of the upcoming third phase of condominiums at the #MyBelmont community on Victoria’s West Shore. 80 homes are planned in an initial release, following a successful pre-sales campaign for the project’s second phase known as Belmont Residences East. © Ledcor Property Investments
LANGFORD
The third phase of condominiums at the award-winning #MyBelmont community is on track to start selling this summer. Following a successful pre-sales campaign for phase two – which began selling in early 2020 and is currently 94 per cent sold-out of its 85-suites – developer Ledcor Property Investments has announced an accelerated launch of 80 new homes in one and two-bedroom floorplans next to the Belmont Market shopping centre on Kelly Road at Reunion Avenue. Suite previews will start this summer.
The City has listed for sale 4.6-acres of municipal land along West Shore Parkway at the Trans Canada Highway which it hopes will fetch nearly $8 million. Offered for sale adjacent to a planned hotel and townhome project at the entrance to the Capital Region are two properties, one at 2885 West Shore Parkway and the other at 1365 Goldstream Avenue. The parcels span from the southeast corner of the West Shore Parkway and Highway 1 intersection to the eastern perimeter of Goldstream Meadows Park, and south to Ed Nixon Trail near the terminus of Lake End Road at Goldstream Avenue. Bids are required to include development concepts.
SAANICH
A rezoning of Gordon Head’s United Church property along the 4200-block of Tyndall Avenue is before the district as part of an affordable homeownership proposal. Tri-Eagle Development Corporation and Cadillac Homes are pursuing approvals for an entry-level townhome and condominium project at 4201 Tyndall Avenue targeting families and first-time buyers. The current 60-unit density concept is split into 36-condominiums within a trio of three-storey buildings, while 24-residences will be split between 12 three-bedroom family-sized townhomes above 12 ground floor strata-titled one-bedroom suites. The latter will rise as three buildings also standing three-storeys tall.
A two-building rental development has been proposed for Cloverdale Avenue at Alder Street in the district’s ‘core’ with a density ask of nearly 280 residential units. Saanich-based builder/developer and property management firm Woodsmere Holdings has unveiled plans for two eight-storey buildings (dubbed Rutledge Place Apartments) along the western perimeter of Rutledge Park in the 900-block of Cloverdale Avenue and the 3200-block of Alder Street southeast of the Cloverdale Avenue and Blanshard Street intersection. To make way for the builds, Woodsmere has nine properties under contract that are currently comprised of single-family-homes, most of which date to the mid-20th century.
VICTORIA
Chard Development’s newest homeownership opportunity in Victoria has arrived at Nest, a 107-suite, 12-storey pre-sale offering at 1100 Yates Street. Nest’s collection of one, two and three-bedroom homes span from 480 square feet to just under 1,400 at price points starting in the low $400,000s. Slated for completion by early 2024 at the Cook and Yates streets intersection, Nest will rise at the location of a single-storey commercial plaza adjacent to a five-storey office complex. Nest’s BC Housing-backed component, known as Haven, is launching soon with price points focused on first-time purchasers.
Construction on a six-storey condominium and retail complex at the intersection of Hillside Avenue and Cook Street in the Oaklands neighbourhood is now underway. The 49-suite Sparrow project from Victoria-based Abstract Developments is one of the Capital’s first affordable condominium offerings with nine of its homes released under a partnership with BC Housing targeting first-time purchasers, while built-in efficiencies like lower underground parking capacity have maintained overall attainable price points.
The culmination of six years of construction at the multi-phase Capital Park community is imminent as developers Concert and Jawl Properties target late summer occupancy of the project’s condominium component Capital Park Residences. Encompassing 113 one, two and three-bedroom condominiums and townhomes, the Residences (currently 75 per cent sold-out) span the tree-lined 500-block of Michigan Street as a trio of concrete buildings at heights of two, four and five-storeys. Earlier phases included two five-storey office buildings leased by the provincial government, and a mixed-use retail and rental low-rise.
The first phase of downtown Victoria’s multi-acre Harris Green Village project is on-track for a public hearing by year’s end, according to proponent Starlight Developments. Envisioned with five residential towers spanning the 900 and 1045-block of Yates and View streets (between Quadra and Cook streets), the proposal could add upwards of 1,500 units of rental housing to downtown Victoria and approximately 94,000 square feet of modern street-level retail space.
This content was sponsored by: CBRE Victoria
