
Five towers eyed for Colwood Corners
By Rick Stiebel
Goldstream News Gazette
Oct 18 2006
Call it the project that could change the face of Colwood forever.
Developer Les Bjola has made an application for a $600-million complex at Colwood Corners with five towers that includes a hotel, and a mix of residential and commercial.
Project details have been forwarded to the City of Colwood.
Bjola estimates it will take 10 to 15 years to complete, based on market absorption.
The concept calls for a 12-storey hotel at the corner of Colwood Crescent and Sooke Road, with an eight-storey office building along Sooke Road.
Three towers of 16, 22 and 29 floors comprised of condominiums are included toward the rear of the seven-acre property.
The project also includes some minor buildings, with commercial on the first floor of all five towers, Bjola said.
Bjola is doing market research to determine the size of the suites before determining prices, although he expects the condos will fall within mid-range prices.
"The two things that determine a project of this nature are parking and structural core of each building," Bjola said. "That will ultimately determine the number of condos and the height of the buildings."
Bjola is waiting for a date to make a presentation to Colwood's planning and zoning committee, which he doesn't anticipate happening before November.
All of the discussions he's been involved in and meetings he's attended since the Official Community Plan came into being in 1985 have indicated that's where the density should be, Bjola said.
"It's taking Colwood into its next chapter," he said.
The architect for the project is Ziedler Carruthers, the worldwide company with offices in Calgary and Langford that designed Bear Mountain Resort.
Colwood another has a proposal on the books for a $90-million 29-storey, 163-unit tower down the road from Colwood Corners called Royal Roads Place. That has passed third reading and is waiting for a development permit.
Developer Russ Ridley has also proposed a $130-million 41-storey tower for land near Colwood Corners, but that has yet to come before council.
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