November 2023 CAPITAL REGION COMMERCIAL REAL ESTATE REPORT

A rendering of 900 Esquimalt Road, a mixed-use rental, condominium and retail proposal comprised of eight and 26-storey massings. The project is slated for the former location of the Carlton Club nightclub, and a three-storey residential/retail block on Esquimalt Road at Head Street. © GMC Projects

 

Sponsored By

 

 

 

By Mike Kozakowski of Citified.ca

ESQUIMALT
Esquimalt-based developer GMC Projects has submitted revised plans to the Township for a landmark residential and retail redevelopment of two aging buildings the company acquired over the past three years along Esquimalt Road at Head Street. The properties include a former nightclub space above a retail strip at 900 Carlton Terrace, and 900 Esquimalt Road/600 Head Street, a three-storey mixed-use rental and retail block. GMC’s vision for the parcels is for one building comprised of two components at heights of eight and 26 storeys that would deliver 176 condominiums in a highrise tower and 96 purpose-built rental apartments in a mid-rise. The building will include ground floor retail spaces and two levels of underground parking. The mid-rise will also feature above-ground parking on level two that will be uniquely concealed with a custom mural. Read more here

 

An aged albeit iconic commercial strip along Craigflower Road at Tillicum Road could be redeveloped into a six-storey condo and retail building, according to documents filed with the Township. Vancouver-based Denciti Development Corp. has proposed a 134-unit condominium with over 11,000 square feet of ground level retail space at 1006-1010 Craigflower Road, currently home to retailers like BnT Quilting, St. Vincent de Paul Society Thrift Store and Salty’s Fish & Chips. The company has applied for a development permit with variances. Read more here

VICTORIA
The Capital Region Housing Corporation is seeking approvals from the City of Victoria to replace a three-storey, 38-unit social housing community on upper Johnson Street. Village on the Green, situated between the 1100 blocks of Johnson Street and Pandora Avenue east of Cook Street, is slated for redevelopment into 140 units of apartments in two six-storey buildings as the present-day two buildings reach their end-of-life. The CRHC plans a mix of studio and one-bedroom through three-bedroom units, with underground parking accommodating 43 vehicles, including visitor spaces. Read more here

The Quadra-Hillside neighbourhood’s Evergreen Terrace social housing community could become a hub with 900 residential units and towers as tall as 20 storeys by 2040, according to the latest project update from BC Housing. The provincial housing agency has unveiled plans for redeveloping the nearly eight-acre site bordered by Blanshard Street, Bay Street, Hillside Avenue and Dowler Place from a present-day density of approximately 200 residences in several low-rise, medium density structures, into a range of built forms across ten buildings, the tallest of which will stand at the Hillside Avenue (or northern) end of the site in an approximate 20-storey massing. Several additional towers are envisioned at around 15 floors tall among multiple lowrise buildings. Read more here

Victoria’s Christ Church Cathedral lands could look strikingly different in the years to come as the local Anglican Diocese furthers a redevelopment pursuit for its lands bordered by Burdett and Rockland avenues, and Quadra and Vancouver streets. Presently on the 3.5-acre Fairfield site stands the nearly 100-year-old cathedral fronting 911 Quadra Street, a deanery along the 900-block of Burdett Avenue, and Memorial Hall at 912 Vancouver Street and Rockland Avenue, home to Christ Church Cathedral School. Several smaller structures are also on the property. Several plans designed by Faulknerbrowns Architects have been identified depicting height and massing scenarios in between current buildings and on the footprint of the deanery, ranging from heights up to 23 storeys to a combination of lowrise and highrise forms. Read more here

The first phase of Mike Geric Construction’s Tresah residential development in the heart of Victoria’s ‘Midtown’ has reached occupancy status, with resident move-ins starting November 1st. Six-storey Tresah East – comprised of 60 condominium and eight rental residences along Speed Avenue opposite Mayfair Shopping Centre – passed final inspection by the City of Victoria after close to three years of construction. The sold-out project was popular among first-time buyers who took advantage of home purchasing incentives that included market-leading competitive prices, and in the final stages of construction, deposit options that helped buyers make the jump from rental homes to ownership. Meanwhile, construction continues on Tresah West, a 179-home steel and concrete condominium tower that will stand as Midtown’s landmark, reaching the area’s tallest height with its 12-storey apex. The company continues to offer a market-leading $10,000 deposit on any of its remaining homes with pricing starting at $399,000, along with reimbursement of the first year of strata fees totalling at least $2,400. Read more here

Mike Kozakowski is with Citified Media and can be reached at mailto:[email protected]

Copyright (C) 2023 by Citified Media Inc. Content under license to Business Examiner.