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APPROVED
Unity Commons
Uses: rental, commercial
Address: 1303 Fairfield Road
Municipality: Victoria
Region: Urban core
Storeys: 4
Unity Commons is a mixed-use, four-storey rental complex and ground floor commercial development in the City o... (view full profile)
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[Fairfield] Unity Commons (Fairfield United Church) | Rentals, commercial | Approved


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144 replies to this topic

#141 Bob Fugger

Bob Fugger

    Chief Factor

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  • 3,187 posts
  • LocationSouth Central CSV

Posted 19 July 2021 - 02:38 PM

Hey gang - any update on this one?  Inquiring neighbours would like to know.  TIA.



#142 Jackerbie

Jackerbie
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  • LocationRichmond, BC

Posted 20 July 2021 - 10:06 AM

All the permits are listed as On Hold and the Development Permit lapsed in March.

Might have run into the same issue as the Brighouse United Church in Richmond, which is now looking for new financing because they no longer qualify for the BC Housing program due to the huge increase in construction costs...

#143 Kapten Kapsell

Kapten Kapsell
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Posted 20 July 2021 - 10:12 AM

All the permits are listed as On Hold and the Development Permit lapsed in March.

Might have run into the same issue as the Brighouse United Church in Richmond, which is now looking for new financing because they no longer qualify for the BC Housing program due to the huge increase in construction costs...

 

I also wonder if this particular developer, owing to their small size, was more exposed to the increase in construction costs (and labour shortages).  

 

There's only one subsidized/affordable unit here in the approved plans, and I suspect that their new DP application (once they get financing) will likely be for 100% market rentals.



#144 Rob Randall

Rob Randall

    BIG TEXAS FORUMER

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Posted 20 July 2021 - 10:37 AM

Bulldoze now, plan later.


“I mean I just don’t understand the big Texas part, like maybe he’s from Texas? I want to know the back story.”


#145 Mike K.

Mike K.
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Posted 26 July 2021 - 08:04 AM

Huge tax savings if you do it that way, for sure.


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