Era | 15-storeys | Residential, commercial

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Concert Properties has received approval for a 15-storey residential tower on the site of the Mozart Building proposal on Yates Street between the Odeon Theatre and the Canada Post building.  The plan envisions an increase in the width of Millie’s Lane (Odeon Alley), addition of retail units along the lane and tower podium, and protection of a heritage building facade currently occupying a portion of the property.

The proposal received approval after a public hearing held in June, 2011.

Initially the proponent had planned to construct a 12-storey, 47.1 meter, office tower on the same lot.

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Project Statistics

  • Status: Approved
  • Construction Dates
    Begins: -
    Completed: -
  • Floor Count: 15
  • Heights:
    Roof: -
  • Density: 6.4:1
  • Total floor area: 12,303 sq. meters
  • Units: 157
  • Building uses
    Residential, commercial
  • Structural types
    Highrise
  • Address: 726-746 Yates Street
  • Municipality: Victoria

Companies

Commercial Tenants

  • No info.


This project's public discussion on VibrantVictoria.ca

Below are the five latest responses to the dedicated discussion thread for this project:

Nparker

Jan 25, 2012 at 8:36 am

Quote: Forgive me if I'm mistaken, but that's the same website that has been up since it first went up in the third quarter of 2011, is it not?


It sure looked familiar when I watched that video clip.

MarkoJ

Feb 02, 2012 at 6:26 pm

Dear Marko Juras,


Concert is excited to announce the much anticipated Preview Opening of Era! Last September, we delayed the release of Era due to uncertainty regarding the HST. Although the government has not yet provided transitional rules, the interest in Era has been exceptional and as such we’ve chosen not to delay any longer. So, to eliminate any tax uncertainty for your clients, not only will early pricing at Era include federal GST net of the New Housing Rebate, we’ll guarantee that as an owner occupant they will not pay any provincial HST on the price of their new home at Era.*
It's about time.

We will continue to provide you information as we progress to our Preview Opening Event − starting February 18 − just a little over two weeks from today! In the meantime, please view the videos below and see why Era is the perfect place for your clients to invest and live.

Dylan Leblanc

Feb 02, 2012 at 8:34 pm

good to hear something, looking forward to this one.

Sparky

Feb 02, 2012 at 9:53 pm

This is a very good indicator for the supply and demand for this product in Victoria.

MarkoJ

Feb 02, 2012 at 10:16 pm

I've represented a number of young buyers purchasing smaller units (under 250k) at the Promontory. Eventually I bought a unit myself :)

Most banks/investors are now looking for a high number of sales during initial marketing; therefore, developers are being forced to offer very attractive pre-sale prices to make the quota.

The spread between pre-sale prices and equivalent completed product is large right now in my opinion.

This building should do well.

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