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.