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UNDER CONSTRUCTION
Customs House
Uses: condo, commercial
Address: 816 Government Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 7
Condo units: 57 (1BR, 2BR, 3BR, penthouse)
Sales status: pre-sales
The Customs House development encompasses a full restoration of the historic Customs House building at Wharf a... (view full profile)
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[Downtown Victoria] Customs House | Condos; commercial | 7- & 5-storeys | Under construction


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#261 Nparker

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Posted 08 February 2016 - 06:20 PM

It seems like ages since I last heard anything about this proposal. Does anyone have an update? Has the designed been "blandified" any further?



#262 Rob Randall

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Posted 08 February 2016 - 08:34 PM

Waiting for financing to come together, last I heard. Like so many other projects around town.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#263 Mike K.

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Posted 08 February 2016 - 08:55 PM

Which other projects are awaiting financing?


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#264 Rob Randall

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Posted 08 February 2016 - 09:02 PM

^LeFevre's gasworks building in Rock Bay (dead, I've been told)

Charity/McColl's Jukebox on View

 

The Shire on Quadra just started recently after being dormant for a long time. Gateway Green, of course. That's the ones that come to mind. Some of these are waiting for tenants and/or financing. It's a chicken or the egg thing. Can't get financing without tenants (or sales) and vice versa.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#265 Mike K.

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Posted 08 February 2016 - 09:08 PM

The one Lefevre just bought is a no-go? Really? I'll have to do some digging.

 

What's up with Shire, anyways? It re-started but then nothing was happening the last couple of times I drove by.

 

Gateway Green is officially dead, btw, and Jukebox has deep pockets behind it, doesn't it? It's not so much a matter of financing as getting the whole thing ready to proceed as far as I've heard. They were delayed a long time by design changes and without a fire under their feet there was no rush.


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#266 Rob Randall

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Posted 08 February 2016 - 09:13 PM

An informed source told me LeFevre couldn't get financing settled and the option expired.

 

The Shire seems healthy now. They are finishing excavation and getting ready to pour the footings.

 

I don't know what the hold up is on Customs House. You'd think it would be a financial slam dunk compared to Rock Bay where uncertain sellability and dirty soil conditions likely scare away lenders.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#267 Mike K.

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Posted 08 February 2016 - 09:50 PM

No kidding. I'll try to get some more info.


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#268 Mike K.

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Posted 09 February 2016 - 12:41 PM

I can confirm that Lefevre is still involved with the BC Hydro project.


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#269 Mike K.

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Posted 11 February 2016 - 08:03 PM

Looks like the office component of this project may be dropped in favour of condos.

 

Preliminary work on Customs House project to start in March

http://victoria.citi...start-in-march/

 

Preliminary work on the high-profile mixed-use Customs House project at Government and Wharf streets overlooking Victoria's Inner Harbour is scheduled to start next month, according to developer Stan Sipos of Cielo Properties.

 

The development will involve an extensive heritage façade restoration and seismic upgrade of the 102-year-old Customs House building, situated at Wharf and Courtney streets, and the demolition of its 1950's extension on Government Street at Wharf Street to be replaced by a modern seven-storey lowrise.

 

However, the new-build component's originally planned use as a high-end 61,000 square foot office building may no longer be feasible, Sipos says, confirming that "negotiations with an office tenant have not progressed." [Full article]


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#270 Baro

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Posted 12 February 2016 - 09:06 AM

With the amount of office going up right now I can understand that, but I think a mix of uses would have been better for the area.


"beats greezy have baked donut-dough"

#271 Rob Randall

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Posted 12 February 2016 - 09:47 AM

It's a constantly swinging pendulum. Poor developers are swinging between what banks will lend for today and what buyers will want three years from now.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#272 Mike K.

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Posted 12 February 2016 - 09:51 AM

I's all about ensuring you get the "pre" of whatever it is you're offering.

 

Office tenant backs out? No problem, switch to residential if your phone is ringing off the hook asking about residences. In this case demand for condos is high, demand for rentals is super high, and switching the new-build wing from one use to another doesn't delay the demolition of the 1950's addition or the restoration of the 1912 heritage building.


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#273 Hotel Mike

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Posted 12 February 2016 - 10:00 AM

If there is a high tech company out there, can you imagine a more enticing prospect for your recruiters, than a location right at the junction of Victoria's Inner Harbour and the old downtown? I still think it might be healthier as a mix of office and residential.


Don't be so sure.:cool:

#274 jonny

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Posted 12 February 2016 - 01:19 PM

If there is a high tech company out there, can you imagine a more enticing prospect for your recruiters, than a location right at the junction of Victoria's Inner Harbour and the old downtown? I still think it might be healthier as a mix of office and residential.

 

As the Rolling Stones said, you can't always get want you want.



#275 viccity

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Posted 13 March 2016 - 07:12 PM

Any signs of demolition prep?



#276 Mike K.

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Posted 13 March 2016 - 07:23 PM

Signage is now installed on the building, and that's always a good sign.


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#277 Mr Cook Street

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Posted 17 October 2016 - 01:00 PM

Scaffolding going up on the side facing the tourist center.


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#278 Gary H

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Posted 26 October 2016 - 07:48 PM

Looks like demo work has begun...

 

30592263305_94022d37bb_h.jpg


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#279 Mike K.

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Posted 27 October 2016 - 02:55 PM

I just learned that they've actually been quietly working on the interior demolition for some time now. Wouldn't have known it until the last few days.

 

Crazy.


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#280 AlbertaGal

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Posted 22 December 2016 - 03:40 PM

On the corner (Govt and Humboldt, or is it Wharf?) of the Customs House building they are putting up signage right now:

 

"Victoria's Most Exclusive Waterfront Residences.  COMING EARLY 2017  Register Now  www.customhouse.ca"

 

Cielo Properties and Magnum are also mentioned the signage along with a photo of the harbour.

 

Sorry no pics - just watching them put the signage up, now.


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