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[View Royal] Thetis Cove Estates | Up to 8-storeys | Canceled in 2009


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#1 spanky123

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Posted 20 November 2008 - 03:51 PM

Business Examiner today notes a $6M lawsuit filed by Accredit Mortgage against Thetis Cove Estates an others.
View Royal

The Quay at Thetis Cove

Thetis Cove Estates Ltd. Ph: (250) 385-4565 (Architect)
A proposed project to include 250 residential units in buildings, including
30,000 sq f of commercial space and a recreational marina. Land
required some excavation of contaminated soil. In Jul 2005 the Third
reading for rezoning was approved along with bylaw changes .
Development permit was issued. A Certificate of Compliance from the
Provincial Government is expected, and a development permit will be
applied for in the late 2005. Architect: Eric Barker Architect Inc. Website:
www.thetiscove.ca
Status: Proposed Start: Spring 2006
Est. Cost ($ million): 150 Finish: 2011

First Entry: Jun 2004 Last Update: Sep 2005


#2 snub

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Posted 21 November 2008 - 10:16 PM

I saw that in the " Who's Suing Who" in the Business Examiner. Not very often you see the monetary figure in the 6 million dollar range. I am also not familiar with the Thetis Cove development. Is it the old Plumper Bay Sawmill / Victoria Plywood site at the end of Hallowell Rd. in View Royal?



Your linkage to the thetiscove.ca site not working for me.

#3 Mike K.

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Posted 22 November 2008 - 09:09 AM

^that's the location, and the site is no longer active. The rezoning was secured back in the mid-2000's and has since remained an empty site with no mention of activity. This lawsuit might explain why the project stalled.

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#4 victorian fan

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Posted 24 July 2009 - 06:03 PM

Economy claims Thetis Cove development
Published: July 24, 2009 3:39 PM

Work to develop Thetis Cove in View Royal has ceased and the land is up for sale.

http://www.bclocalne...evelopment.html

#5 Mike K.

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Posted 25 July 2009 - 11:58 AM

The site is now largely overtaken by plants and assorted garbage, including large piles of tires.


Massive pits in Victoria, mountains of tires in View Royal. Gotta love building booms :)

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#6 manuel

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Posted 19 September 2009 - 08:58 PM

Goldstream Gazette (Sept. 18, page A22, LotA, Plan 31051, Hallowell Rd.) shows this one owing $442,904.91 in upset to View Royal, tax sale on Sept. 28, 2009).

#7 VicHockeyFan

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Posted 24 September 2009 - 05:44 AM

Goldstream Gazette (Sept. 18, page A22, LotA, Plan 31051, Hallowell Rd.) shows this one owing $442,904.91 in upset to View Royal, tax sale on Sept. 28, 2009).


http://www.timescolo...7122/story.html

Thetis Cove for sale

There's even a remote possibility of getting it for a mere $442,904

By Carla Wilson, Times Colonist
September 24, 2009


What would have been the largest development in View Royal history could be yours for a mere $442,904.

But here's the catch if you'd like to own the former Thetis Cove development property.

You'd have to come up with $442,904 in unpaid taxes owing to the municipality and then wait a year to see whether those taxes are paid by the existing owner or a new group buys the property.

Then you're out of luck.

The 3.4-hectare, waterfront, mixed-use development site at the end of Hallowell Road is also being offered for sale at $15 million through the Victoria office of Colliers International. B.C. Assessment puts its value at $10.3 million.

Kevin Weaver's plan for a $150-million project with 250 condo and townhomes is among a number of major developments which have not gone ahead in the Greater Victoria region as the global economy has put the brakes on credit, buying and building.

The project went into receivership this spring after 848052 B.C. Ltd., the numbered company holding the first mortgage, won the right to sell it.

Michael Miller of Colliers said that while no firm offer has been made, interested groups have looked at the property and are doing their due diligence.

Taxes on the property remain outstanding. Along with 13 other properties in View Royal, Thetis Cove will be offered for sale at the municipal hall on Sept. 28 at 10 a.m.

Municipalities throughout B.C. are similarly listing properties with outstanding taxes.

Every year, properties come up for tax sales in every municipality. High bidders at the auctions rarely wind up with the land, because existing owners normally come up with taxes owed within the following 12 months.

cjwilson@tc.canwest.com
© Copyright © The Victoria Times Colonist

#8 ressen

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Posted 28 January 2011 - 09:12 AM









There is some cleanup work going on at the end of Hallowell Rd. with dump trucks going over a ramp and dumping on a barge.

#9 UrbanRail

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Posted 07 July 2012 - 06:03 PM

There hasnt been talk on this for a while.

I came across this site with a new proposal, while doing some research. I am not sure if its similar to the original proposal.

http://thetiscove.com/

#10 Mike K.

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Posted 09 July 2012 - 10:25 AM

Looks to be a brand new proposal but it shares the same name (for now) as the original proposal.

Here's an image from the site:


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#11 snub

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Posted 14 December 2013 - 09:44 PM

The plot thickens. From the  Goldstream Gazette Friday Dec 13 2013:

 

"Former Thetis Cove Developer Sues View Royal"

 

http://www.vicnews.c.../235481771.html



#12 Victoria Watcher

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Posted 09 June 2019 - 07:15 AM

site for sale $15.5 million.

 

https://www.realtor....ctoria-glentana



#13 RFS

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Posted 09 June 2019 - 09:17 AM

As seen from the bike trail, its a gorgeous spot
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#14 jasmineshinga

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Posted 10 June 2019 - 07:34 AM

A very pretty spot, and considering the utter lack of development in the area (looking at you giant empty lot that used to be a landscape co.) I'd love to see it sold off to a developer willing to go BIG. Gimme a few hundred units to beef up the liveliness of my neighbourhood, a waterfront cafe/restaurant with sunset patio would be brilliant on the base level.


~ Jasmine ~


 



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