I don't have an issue with 5% affordable housing which I believe this site is doing, and this is actually becoming a standard %. My understanding is it would be unusual to increase it beyond this amount. At some point you have to cut the subsidy/guiding hand off because if you increase it to 20% the cost of the other 80% is just going to go up even more, so did we actually help or hinder affordability?
Marigold Lands, condo 1
Address: 7874 Lochside Drive
Municipality: Central Saanich
Region: Saanich Peninsula
Condo units: 38 (1BR, 2BR, penthouse)
Sales status: sold out / resales only
[Central Saanich] Marigold Lands | Multi-phased residential community
Posted 19 June 2020 - 07:45 AM
The developer is selling over 2.3-acres of this project's undeveloped land.
The initial phases, a condo and some townhomes, are taking quite a while to sell (condos are 80% sold) with sales having started in 2017, I believe. We sometimes see difficulty arise when a builder/industry firm jumps into the development side of the equation. It's a lot different to build something for someone than to be responsible for selling sell out a residential project.
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Posted 19 June 2021 - 09:03 PM
Construction is set to start on Phase Three of the Marigold Lands. Steve Mann and Tim Hackett consider it their finest development after 50 years of experience, according to a news release.
Marigold Lands is a partnership between longtime Vancouver Island developer Hackett, and Mann, owner of Don Mann Excavating Ltd.
The project, nestled between the Pat Bay Highway and Lochside Drive, consists of a six-storey condominium building, along with eight two-storey and six three-storey townhouses.
Edited by Victoria Watcher, 19 June 2021 - 09:04 PM.
Posted 20 June 2021 - 08:21 PM
Posted 20 June 2021 - 09:42 PM
I always wonder what these places are like to live in when I go by. The townhouses look nice to me, and you're very close to ferries and airport. But the highway must be pretty noisy, and there's not a whole lot you can walk to.
There is a tunnel under the highway, so its a fairly easy walk to Royal Oak shopping center. It's also not that far to Broadmead Village, though up a hill.
Posted 21 June 2021 - 03:40 AM
I think you have the wrong place.
it's at least 8km away from royal oak/broadmead.
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