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UNDER CONSTRUCTION
The Aranza
Uses: rental, commercial
Address: 9818 Fourth Street
Municipality: Sidney
Region: Saanich Peninsula
Storeys: 5
The Aranza is a five-storey, mixed-use affordable housing development with ground floor retail space in the to... (view full profile)
Learn more about the Aranza on Citified.ca
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[Sidney] The Aranza | Affordable rentals; commercial | Under construction


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#1 Mike K.

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Posted 22 March 2016 - 12:47 PM

56-units of affordable workforce housing approved for downtown Sidney

http://victoria.citi...owntown-sidney/

 

Sidney council has approved the Greater Victoria Rental Development Society's plans for a 56-unit affordable housing development with ground floor commercial space.

 

Situated at 9818 Fourth Street in downtown Sidney, the five-storey mixed-use project will provide much-needed workforce rental housing in a market constrained by high vacancy rates and low supply, particularly on the Saanich Peninsula. [Full article]

 

9818-Fourth-Street.jpg


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#2 Nparker

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Posted 22 March 2016 - 01:16 PM

Is this the same project: 

 

http://vibrantvictor...dney/?hl=sidney

 

And this: 

http://www.timescolo...h.tPtfacy5.dpuf



#3 Mike K.

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Posted 22 March 2016 - 01:37 PM

Oh, looks like it.

The TC article really messed up the unit count. And I see other sources copied the TC with the same glaring mistake. Oops.


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#4 LJ

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Posted 22 March 2016 - 07:47 PM

a market constrained by high vacancy rates and low supply, particularly on the Saanich Peninsula.

 

High vacancy rates and low supply???


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#5 Kungsberg

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Posted 16 July 2018 - 08:05 PM

The ‘Aranza’, affordable rental ‘workforce’ housing in Sidney.

 

http://gvrds.com/gvrds/project/aranza

The commercial space on the ground floor will host a daycare and some retail.

 

YouTube video describing the project:

https://www.youtube....h?v=PHYsrQ5crbg

 

I wonder what the (subsidized) rents will be in this building.

[From the Citified article, it says “Rents at the building will range between $800 and $920 for its mix of one- and two-bedroom units”, but that was two years ago.]

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  • Fourth St.jpg


#6 Mike K.

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Posted 17 July 2018 - 06:53 AM

Oh yeah, those are likely way, way off now considering where the market’s gone. That’s why it’s tough to get organizations to speak about rates. They’ve learned their lesson.

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#7 Jackerbie

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Posted 17 July 2018 - 07:21 AM

The ‘Aranza’, affordable rental ‘workforce’ housing in Sidney.

 

...

 

I wonder what the (subsidized) rents will be in this building.

[From the Citified article, it says “Rents at the building will range between $800 and $920 for its mix of one- and two-bedroom units”, but that was two years ago.]

 

Is it subsidized, though? I seem to remember that this one wasn't, they were just going light on amenities to bring the cost down, such as no in-suite laundry.



#8 aastra

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Posted 17 July 2018 - 07:46 AM

Why no balconies at all? Will residents have roof access?



#9 Kungsberg

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Posted 17 July 2018 - 08:24 AM

Is it subsidized, though? I seem to remember that this one wasn't, they were just going light on amenities to bring the cost down, such as no in-suite laundry.

The municipality is not charging property tax on the development, I believe (I think it's mentioned in the youtube video) and if that's the case, I consider that a public subsidy.

 

No balconies = lesser cost = 'affordable' (as per the video)



#10 aastra

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Posted 17 July 2018 - 08:26 AM

I understand, but none at all?



#11 Jackerbie

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Posted 17 July 2018 - 09:54 AM

I understand, but none at all?

 

No balconies, no roof access. It's the same people who did Azzurro, so I'd expect a similar business plan.



#12 aastra

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Posted 17 July 2018 - 10:13 AM

Azzurro doesn't have any balconies at all?



#13 Jackerbie

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Posted 17 July 2018 - 10:23 AM

Azzurro doesn't have any balconies at all?

 

Azzurro has balconies in a couple places, where the building steps back and in the top floor projection. But the rest of it is a box.

 

Azzuro-Rendition-new.jpg


Edited by Jackerbie, 17 July 2018 - 10:24 AM.


#14 Citified.ca

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Posted 22 May 2019 - 02:30 PM

This project is expected to be ready for occupants in June.

 

May 22 photo.

 

The-Aranza-May-22-2019a.jpg


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