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Ross Terrace
Uses: rental, commercial
Address: 2566-2580 Fifth Street
Municipality: Victoria
Region: Urban core
Storeys: 5
Ross Terrace is a five-storey rental complex with a ground floor commercial space situated along the 2500-bloc... (view full profile)
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[Quadra-Hillside] Ross Terrace & 1025 Kings Road | Rentals; retail | 5 & 6-storeys | Under construction


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53 replies to this topic

#41 Nparker

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Posted 07 November 2022 - 07:57 PM

No requirement to take it down in an "environmentally friendly" manner?



#42 Mike K.

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Posted 07 November 2022 - 08:50 PM

Oh…wait a second.

Maybe you’re right?

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#43 grantpalin

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Posted 10 December 2022 - 06:55 PM

Current state of the site, as of early this afternoon.

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#44 TheGuerrero

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Posted 13 January 2023 - 03:10 PM

1025 Kings this afternoon. Looks like they're putting up a crane soon.

Sorry about the fence in the picture :(

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#45 Mike K.

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Posted 13 January 2023 - 03:15 PM

Good work!

Looks like they’ll be able to avoid blasting. That’s going to be a huge cost savings.

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#46 Nparker

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Posted 13 January 2023 - 03:28 PM

Isn't this project precisely what Eby's $500 million fund is trying to prevent?

#47 corvus

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Posted 13 January 2023 - 05:05 PM

Isn't this project precisely what Eby's $500 million fund is trying to prevent?

Yes - this is exactly it. These sort of older rental buildings provide naturally affordable rental housing without the significant expense of building new designated affordable buildings. It's way more effective to protect these from redevelopment as well as build those new buildings. 



#48 Nparker

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Posted 13 January 2023 - 05:13 PM

But won't there be more housing in the new building?

#49 Mike K.

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Posted 13 January 2023 - 05:21 PM

I think the bigger thing here, is this isn’t a giant REIT replacing this building for luxury condos, but a local developer just trying to build housing that will last for another 50 years.

They’re turning 15 aged units into 60-units. Your provincial government wants to stop this from happening.
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#50 Nparker

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Posted 13 January 2023 - 05:36 PM

...They’re turning 15 aged units into 60-units. Your provincial government wants to stop this from happening.


That was the point I was trying to make. Eby's fund will prevent new rental housing from being built, which hurts everyone in the long run.

#51 grantpalin

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Posted 14 January 2023 - 01:45 PM

A mobile crane is on site that wasn't there this morning (photo is from about 1:25pm). Safe bet that the site crane will be going up soon.

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Edited by grantpalin, 14 January 2023 - 01:46 PM.

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#52 grantpalin

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Posted 16 January 2023 - 04:17 PM

Sure enough, the crane went up today. Photo is from Wark St Park at 2:40 PM.

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#53 Mike K.

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Posted 16 January 2023 - 06:13 PM

Looks like the same one used at the adjacent Ross Terrace project.

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#54 grantpalin

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Posted 18 February 2023 - 11:38 AM

Pouring has gotten underway here.

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