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CANCELLED
Speed and Frances, west tower
Uses: condo, commercial
Address: 606 Speed Avenue
Municipality: Victoria
Region: Urban core
Storeys: 12
Condo units: 83 (loft, 1BR, 2BR)
Sales status: in planning
Speed and Frances, west tower, is a 12-storey residential building with 83 condos, six townhomes and ground fl... (view full profile)
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[Burnside/Gorge] Speed and Frances towers | condos; commercial | 12 & 12-storeys | Cancelled


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255 replies to this topic

#201 Mike K.

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Posted 27 June 2016 - 10:04 PM

Ok, so officially approved now?


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#202 sdwright.vic

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Posted 28 June 2016 - 05:08 AM

Do we have a rendering of this project?
Predictive text and a tiny keyboard are not my friends!

#203 Mike K.

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Posted 28 June 2016 - 08:55 AM

Here you go: http://victoria.citi...dge-of-support/


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#204 Robb

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Posted 29 June 2016 - 08:08 PM

Ok, so officially approved now?

I think it still needs second and third reading at council.  I'm not sure where they are at with the land-lift assessment negotiations.



#205 Fernwoodian

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Posted 29 June 2016 - 09:09 PM

This was approved last week. City Council didn't budge on the land lift payment.



#206 Mike K.

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Posted 29 June 2016 - 09:12 PM

Was a development permit approved?


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#207 Fernwoodian

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Posted 29 June 2016 - 09:55 PM

Was a development permit approved?

 

Yes.


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#208 Mike K.

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Posted 30 June 2016 - 07:18 AM

Thank you!


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#209 Mike K.

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Posted 30 June 2016 - 10:42 AM

speed and frances condo rental towers approved citified.jpg

 

12-storey residential towers approved near Mayfair Shopping Centre

http://victoria.citi...hopping-centre/

 

Two 12-storey residential towers with ground floor commercial space have been approved for the 600-blocks of Speed and Frances avenues near Victoria’s Mayfair Shopping Centre.

 

Proponent Oakwood Park Estates plans to build 176 residential units between the two towers, 83 of which (in the east tower) are earmarked for rentals and 83 (in the west tower) as market condos. A total of ten townhomes will front onto Speed Avenue. [Full article]


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#210 Nparker

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Posted 30 June 2016 - 11:37 AM

I hope this is the start of a real renaissance in this part of the city.



#211 Robb

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Posted 01 July 2016 - 08:06 AM

I hope this is the start of a real renaissance in this part of the city.

 

Metro Toyota's old location is prime for redevelopment.  Any buzz on plans for there?



#212 Mike K.

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Posted 21 September 2016 - 11:11 AM

Just like we had surmised, the Speed and Frances proposal has been placed on the market.

 

Speed-and-Frances.jpg

 

Two-tower development opportunity near downtown Victoria hits the market

http://victoria.citi...its-the-market/

 

An assembly of eight properties recently approved for a two-tower residential development near Mayfair Shopping Centre have been put up for sale.

 

Listed at $11.8 million by commercial brokerage firm CBRE Victoria, developer Oakwood Park Estates’ “Speed and Frances” proposal between the 600-blocks of Speed Street and Frances Avenue secured municipal approvals earlier this year following a half-decade municipal planning process.

 

The maximum height for both towers has been set at 12-storeys, with residential density allowing for 176 rental or condo units in the form of studio, one-bedroom, two-bedroom, penthouse and townhome layouts. [Full article]


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#213 Nparker

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Posted 21 September 2016 - 11:25 AM

Was this the plan all along or have the developers just become too frustrated with the roadblocks placed on them by the city?



#214 Mike K.

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Posted 21 September 2016 - 12:21 PM

I suspect it was always the plan, to get the land parcels amassed and move forward with a cohesive plan. A family situation involving the development team only hastened the speed with which this eventuality played out, but you know what, that's alright. The design Praxis came up with was nothing spectacular and whoever picks up the project may want to re-envision the design.


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#215 Nparker

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Posted 21 September 2016 - 12:46 PM

...The design Praxis came up with was nothing spectacular and whoever picks up the project may want to re-envision the design.

With a little re-working another developer might be able to whittle this down to one 5-storey building!



#216 jonny

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Posted 21 September 2016 - 12:49 PM

There goes the CoV stifling development again...

#217 Nparker

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Posted 21 September 2016 - 12:52 PM

There goes the CoV stifling development again...

Time will tell. They did spend years pushing back against the developer on this.



#218 Kapten Kapsell

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Posted 21 September 2016 - 03:10 PM

Maybe Concert Properties will buy this site?  They definitely have a good track record...


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#219 jonny

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Posted 21 September 2016 - 03:32 PM

Time will tell. They did spend years pushing back against the developer on this.

 

Yet so many developers have approvals and zoning in place but sit on sites for years (Roundhouse, Hudson, Dockside Green, the Speed Street site).



#220 Mixed365

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Posted 21 September 2016 - 07:26 PM

Yet so many developers have approvals and zoning in place but sit on sites for years (Roundhouse, Hudson, Dockside Green, the Speed Street site).

Keep in mind a few things. 

The owner of Roundhouse isn't currently losing money (no rush), Hudson is well under construction with the Hudson District, Dockside Green is owned by VanCity (not the original developer, and well Speed street... hmm... 


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