Parkside Victoria Resort & Spa | 8- & 7-storeys | Quarter-ownership, commercial | Completed in 2009
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Parkside Victoria Resort and Spa is a two-building lowrise development wrapping around the northeast corner of Blanshard and Humboldt Streets on the border of Fairfield and downtown Victoria. A three-storey glass atrium connects the two buildings.
The proponents envision a variety of commercial establishments within the development including a medical clinic and boutique retail sales.
Excavation initially started in 2006, however, activity ceased soon after due to rising construction costs. For several months the construction pit, blasted out of bedrock, sat untouched as finances were secured.
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This project's public discussion on VibrantVictoria.ca
Below are the five latest responses to the dedicated discussion thread for this project:
Mike K.
Nov 09, 2011 at 10:31 amThanks for that, Holden.
VicHockeyFan
Nov 09, 2011 at 10:59 amQuote: A report from the monitor states that total unsold inventory held by Aviawest is valued at $80.1 million. That breaks down to $63.53 million in Parkside, which has a total residential value of $51.8 million for whole and fractional ownership units. Another $11.6 million is in commercial inventory.
Read more:
Mike K.
Apr 04, 2012 at 11:08 amA rock has shattered one of the large glass panels at the main entrance to the building. The entrance is blocked off while repairs are under way.
Mike K.
Jul 19, 2012 at 12:28 pmAviawest has filed with the CCAA due to not being able to meet its financial obligations to creditors. This is not the same as filing for bankruptcy but is a measure to protect the organization from creditors.
Aviawest is restructuring and appears to have partnered with an organization calling itself Watermint Hotels & Resorts. The latter's properties appear to be the same as Aviawest's (except for Parkside, for one reason or another Parkside is not listed as a Watermint property), suggesting that Watermint is a brand new organization potentially created as a result of the restructuring to manage Aviawest's properties.
VicHockeyFan
Jan 31, 2013 at 11:02 amSold to a local investment syndicate this week.
$23M
