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Victoria rental housing market and related issues discussion


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#641 jonny

jonny
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Posted 21 April 2017 - 07:45 AM

Saanich developers drop condo plans in favour of rental suites

Two condominium proposals in Saanich have been re-envisioned as purpose-built rentals, according to documents filed with the municipality.

Tri-Eagle Development Corporation’s Radius at Royal Oak project, originally slated to become a condominium residence along the 4300-block of West Saanich Road, will start construction later this year as a six-storey, 66-unit purpose-built rental complex.

“We realized throughout the planning phase for Radius that there is tremendous demand for workforce and down-sizer purpose-built rental housing in Royal Oak,” said Oliver Tennant, Tri-Eagle’s Development Coordinator. “Although initially planned as a condominium, condo-quality rental apartments became our focus and it has been a pleasure working with the Royal Oak Community Association and District of Saanich throughout this process.” [Full article]

 

This is being built by Homewood.


Edited by jonny, 21 April 2017 - 07:46 AM.


#642 Mike K.

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Posted 21 April 2017 - 01:58 PM

Yup, Homewood builds virtually all of Tri-Eagle's projects.


  • jonny likes this

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