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UNDER CONSTRUCTION
Oaks at Bellewood Park
Use: condo
Address: 1201 Fort Street
Municipality: Victoria
Region: Urban core
Storeys: 6
Condo units: 51 (sub-penthouse, penthouse, 1BR + den, 2BR + den, junior 2BR)
Sales status: pre-sales
Bellewood Park offers a unique opportunity to experience nature – a place from which one can engage with the... (view full profile)
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[Rockland] Oaks, Cypress and Townhomes at Bellewood Park | Condos, townhomes | 6 and 4-storeys | Under construction


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#241 Glen

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Posted 22 October 2018 - 05:26 PM

The Tax is here now.

How will the fallout affect projects on the $ high end $

There are so many predictions of another market downturn with some experts predicting it will last until 2021/2.  Who is going to commit to a high end purchase now and not wait out for the free fall?

In the case of Bellewoods, ground has not been broken. Will the developer or project financier look to push back construction timing if sales fall flat?



#242 Torrontes

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Posted 23 October 2018 - 10:27 AM

The Tax is here now.

How will the fallout affect projects on the $ high end $

There are so many predictions of another market downturn with some experts predicting it will last until 2021/2.  Who is going to commit to a high end purchase now and not wait out for the free fall?

In the case of Bellewoods, ground has not been broken. Will the developer or project financier look to push back construction timing if sales fall flat?

 

Isn't this the third time you have asked essentially the same question?

 

Excavation was never scheduled to start until later in 2018, with completion in late 2021. Yes, the schedule has now been pushed out a few months, but that's not unusual (construction start in Dec/Jan). Abstract has been launching Fifteen88 and working on Black & White and its' Bowker Collection projects.

 

Yes, pre-sales have some risk attached, but that is driven by what your ownership horizon is. If the schedule gets shifted materially it will impact sales, but they are no where near that at this point.

 

Smaller, high-end buildings are a niche market, and are generally less impacted by interest rates. Also, I don't believe foreign buyers are a factor on this project. They would be more inclined to larger projects on the harbour with an ocean view.



#243 aastra

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Posted 23 October 2018 - 11:00 AM

Methinks nobody should be bothering to worry about this one. It's a small project and the site was null before. It's not even on a corner. If it happens as planned, great. If it doesn't, we wait a bit longer.



#244 Mike K.

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Posted 10 January 2019 - 08:19 AM

Bellewood is now 50% sold-out.


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#245 Nparker

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Posted 10 January 2019 - 08:23 AM

Bellewood is now 50% sold-out.

Oh great, more "affluenza"  ;)



#246 songheesguy

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Posted 10 January 2019 - 07:01 PM

Bellewood is now 50% sold-out.

I thought it was sold out. Isn't it only 5o or 60 units total?



#247 Mike K.

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Posted 10 January 2019 - 07:08 PM

In the Oaks building (the higher end phase) there are 51-suites, 23 in Cypress and nine townhomes.

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#248 Freedom57

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Posted 19 January 2019 - 12:37 PM

Received this in an email – for all you tree huggers out there:

 

Celebration of Life for the TREES at 1201 Fort Street: Sunday, January 20th, 7 - 8 p.m.

 

Happy 2019 to you community movers and shakers!

 

I’m writing to ask if you would each kindly share with your networks the attached invitation to attend during Sunday evening's lunar eclipse, a Celebration of Life to honour the trees at 1201 Fort Street that have served us so well for more than 100 years.

 

As 29 mature trees — 10 of which are “protected" under the Tree Preservation By-law —  are about to be sacrificed for site preparation at 1201 Fort Street, Greater Victoria’s parks and environment committee consisting of Mayor Lisa Helps, Saanich Councillor Ned Taylor and Sooke Mayor Maja Tait, is requesting that the CRD board chairperson ask all local governments in the region to declare climate emergencies. It is worth noting that Mayor Helps voted last Spring to accept Abstract’s ironically-named Bellewood Park proposal for 83 über luxury homes in place of the forest on the nearly 2-acre site.   Video marketing for the project prominently features lush greenery and even forest canopies from surrounding areas that contrast with out-of-scale (i.e., taller) new saplings in the artist renderings, many of which will be in pots to accommodate underground parking.  It is further worth noting that, according to the arborist’s report, the remaining mature trees at the Bellewood might not survive blasting and construction: “If it is found that large structural roots must be pruned… it may be necessary to remove additional trees to eliminate any risk associated with them.” 

 

The city’s data on tree loss in 2018 illustrates the depressing trend toward a declining tree population across the city due to densification as well as climate change, end-of-life span, human interference and removal on private property.  Leslie Campbell, in her feature article, Victoria’s diminishing urban forest(Focus Jan/Feb 2019 https://www.focusonvictoria.ca/janfeb2019/victorias-diminishing-urban-forest-r17/ ) reports that “In the first 9 months of 2018, the City had removed 327 trees and planted 265 trees on City property. Since then, they have removed a least a further 29 trees in Stadacona Park, adjacent to the 1400 block of Pandora Avenue, and 12 more in Fernwood.”  Yet the City’s Parks department plans to plant “only 250 to 300 new trees per year (which does not even replace on a one-to-one basis recent removals of mature trees from City-owned land. And on private land, only certain tree removals need to be accompanied with replanting of, at most, two saplings.” (Focus)

 

Leslie Campbell opines that the “biggest gap in the tree bylaw is that in practice, it fails to protect any tree when their removal is deemed 'necessary for the purpose of constructing a building, an addition to a building, or construction of an accessory building' or a driveway, off-street parking, utilities services connections, or 'the installation, repair, or maintenance of public works.’ “

 

 

All at what cost to the climate? Grace Golightly of the Community Trees Matter Network cites in the above Focus article, research from Ohio State University suggesting that it would take “ .. a total of 269 two-inch-diameter trees to replace the carbon sequestration provided by a single 36-inch mid-sized tree.” So much for the effectiveness of those two-inch saplings in protecting us from climate change.  Also in the Focus article, Golightly adds that “I think it’s essential that the City purchase well-treed properties that come up for sale. They can either be covenanted and re-sold, or made into mini-parks where more trees could be planted to increase the carbon storage and benefits to the neighbourhood.” Her position aligns with Victoria’s pre-real estate boom, Urban Forest Master Plan, that states, “The single greatest impact to the urban forest comes from the incremental loss of green space associated with development and densification (and that) as land use change and neighbourhoods are redeveloped, it is critical to ensure that adequate greenspace is being reallocated on-site or elsewhere to sustain the future urban forest.” Yet, in spite of the UFMB, urban forest expansion has not happened in tandem with development. In fact, according to Campbell, most of the UFMP’s 26 recommendations have not beenimplemented.

 

This Sunday, January 20th, we will celebrate with tributes, poems, songs, musical instruments and love, the many gifts that the trees have given us: fresh oxygen, carbon capture and storage, beauty, serenity, shelter for wildlife, enhanced biodiversity, flood control, water table preservation, a buffer from wind and noise, shade in the summer and in general, relief from the urban environment.  We also hope to express a sense of urgency for a needed change of direction at City Hall.

 

Thanks in advance for your assistance in circulating the attached invitation.

 

Warm regards,

 

Geanine Robey & Nancy McGregor, Tree Huggers



#249 Nparker

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Posted 19 January 2019 - 12:50 PM

If this was anywhere else but Victoria, I'd assume the above was a story from The Onion. Oi Vey.



#250 Torrontes

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Posted 21 January 2019 - 04:40 AM

They are two of the neighbors who were part of the group opposed to development of the project.



#251 Glen

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Posted 25 January 2019 - 08:05 PM

building permit?



#252 Torrontes

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Posted 28 January 2019 - 05:03 AM

building permit?

 

No, not according to VicMap. Still in process.

 

Clock is ticking down to deadline of February 11, 2019 to file an amendment to the Disclosure Statement that sets out particulars of the issued building permit.



#253 Victoria Watcher

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Posted 20 February 2019 - 09:24 AM

the tc has a 6-sentence article today about trees coming down at bellewood park.

 

  • removal of 29 trees
  • Fifty-six per cent of the site will remain open space.
  • Eight mature Garry Oaks will be retained, 14 other mature trees will be spared
  • 83 new trees planted.

 

https://www.timescol...reet-1.23639652

 

Now:  51 trees

Remove:  29 trees

Keep:  22 trees

Plant:  83 trees

At completion: 105 trees  


Edited by Victoria Watcher, 20 February 2019 - 09:30 AM.


#254 Glen

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Posted 25 February 2019 - 12:47 PM

As the deadline passed (February 11,2019) for an amendment to the first disclosure, what are the implications for the builder and for purchasers?

 

I believe the final date for the builder to submit an application for a building permit to the city is May 11-2019, which would be one year from the date of the first disclosure issue.



#255 Torrontes

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Posted 25 February 2019 - 01:08 PM

They now have a blasting permit and an excavation permit, and the building permit process has been underway for some time, so presumably it is close to issuance. They must have obtained tree permits in order to start removing protected trees.

 

I would expect that they will start digging and blasting as required in the very near future, with new construction to follow. In that case they simply file an amendment to the disclosure statement, send it to buyers and carry on. If all that was to take longer than May 11th, then they risk losing buyers, but that doesn't appear to be what's happening.



#256 Glen

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Posted 26 February 2019 - 04:43 PM

Phased building permits now in place.  Second amendment to be sent and second deposits for purchasers will be the next strep.  A ground breaking event to be held at Bellewoods site on March 5th


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#257 Citified.ca

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Posted 05 March 2019 - 05:12 PM

Rockland's-Bellewood-Park-condominium-and-townhome-project-gets-underway.jpg
The Abstract Developments team celebrates the construction start of Bellewood Park, an 83 residence condominium and townhome project along upper Fort Street in Victoria's Rockland neighbourhood.
 
Construction of Rockland's Bellewood Park condominium and townhome project gets underway

 

 
Construction of Abstract Development’s Bellewood Park condominium and townhome project is officially underway along Victoria’s upper Fort Street corridor, Citified has learned.
 
Comprised of 74 one, two and three-bedroom homes throughout two boutique buildings and nine townhomes, Bellewood Park’s well-appointed residences will rise on a nearly two-acre parcel in the historic Rockland neighbourhood known for landmarks like the Craigdarroch Castle, Government House and the Art Gallery of Greater Victoria.
 
“Bellewood Park’s location and park-like setting makes it second to none for a pre-sale offering in Victoria,” says Abstract founder and CEO, Mike Miller, who is overseeing the delivery of Bellewood Park as the company's 78th development since its inception in 1999. [Full article]

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#258 Nparker

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Posted 05 March 2019 - 05:49 PM

5 guys and 4 shovels; this one is going to take a while.  :P


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#259 Glen

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Posted 13 March 2019 - 04:21 PM

At 50% sold and in a market that could slow further, was proceeding with the project wise at this time?   Just a question??



#260 Mike K.

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Posted 13 March 2019 - 04:52 PM

Starting construction at 50% sold-out is a fairly standard practice.


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