Two-tower condo and rental development pitched for downtown Victoria lot
Vancouver-based Chard Development has confirmed the purchase of a high-profile downtown Victoria property where the company plans to erect two residential towers, Citified has learned.
Officially designated as 848-852 Yates Street and 849 Johnson Street, the one-quarter hectare parcel – currently used as a surface parking lot for some 120 vehicles – is eyed as the future site of a rental tower fronting onto Johnson Street and a condo tower fronting onto Yates Street.
While building heights are yet to be determined, recent nearby residential developments have pushed upwards of 17-storeys and it is anticipated Chard will seek approvals in-keeping with the status quo. [Full article]