Jump to content

      



























APPROVED
Unity Commons
Uses: rental, commercial
Address: 1303 Fairfield Road
Municipality: Victoria
Region: Urban core
Storeys: 4
Unity Commons is a mixed-use, four-storey rental complex and ground floor commercial development in the City o... (view full profile)
Learn more about Unity Commons on Citified.ca
Photo

[Fairfield] Unity Commons (Fairfield United Church) | Rentals, commercial | Approved


  • Please log in to reply
144 replies to this topic

#141 Bob Fugger

Bob Fugger

    Chief Factor

  • Member
  • 3,190 posts
  • LocationSouth Central CSV

Posted 19 July 2021 - 02:38 PM

Hey gang - any update on this one?  Inquiring neighbours would like to know.  TIA.



#142 Jackerbie

Jackerbie
  • Member
  • 3,776 posts
  • LocationRichmond, BC

Posted 20 July 2021 - 10:06 AM

All the permits are listed as On Hold and the Development Permit lapsed in March.

Might have run into the same issue as the Brighouse United Church in Richmond, which is now looking for new financing because they no longer qualify for the BC Housing program due to the huge increase in construction costs...

#143 Kapten Kapsell

Kapten Kapsell
  • Member
  • 3,539 posts

Posted 20 July 2021 - 10:12 AM

All the permits are listed as On Hold and the Development Permit lapsed in March.

Might have run into the same issue as the Brighouse United Church in Richmond, which is now looking for new financing because they no longer qualify for the BC Housing program due to the huge increase in construction costs...

 

I also wonder if this particular developer, owing to their small size, was more exposed to the increase in construction costs (and labour shortages).  

 

There's only one subsidized/affordable unit here in the approved plans, and I suspect that their new DP application (once they get financing) will likely be for 100% market rentals.



#144 Rob Randall

Rob Randall
  • Member
  • 16,310 posts

Posted 20 July 2021 - 10:37 AM

Bulldoze now, plan later.



#145 Mike K.

Mike K.
  • Administrator
  • 83,164 posts

Posted 26 July 2021 - 08:04 AM

Huge tax savings if you do it that way, for sure.


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users