STAY CONNECTED TO VIBRANTVICTORIA
WHAT'S HAPPENING ON CITIFIED VICTORIA
This was snapped yesterday. I would have snapped a better photograph but I was a passenger in a vehicle and a truck blocked the view further to the right. If anyone has plans to be in that area you might want to snap another photo.
Jordan Milne of GMC Projects had this to say recently: https://victoria.cit...f-gmc-projects/
In Victoria, we are currently finishing up the restoration and revitalization of the historic Adelphi Block on the corner of Yates and Government streets. We have three character apartment homes above those buildings that will be coming back to market for the first time in decades. I am excited to see the response to the finished product as we have curated something special within these homes. We expect to welcome new residents for August 1st.
With the Adelphi Block underway, could you speak to the costs and complexities of a heritage restoration in 2020 versus costs in the heritage conversion segment of the industry in the past +/- five years?
Each heritage project has its own complexities but they are usually a result of how the building was designed and built. Seismic building codes changed in 2018 which has made working with heritage structures more complex than it was five-years-ago depending on the scope of what you are proposing. Any additional scope regarding the approach to seismic upgrading or restraining adds cost and in the tight construction market we have seen the past five years, this only adds further to the challenge of making heritage projects viable.
One of the ways in which we were able to address these additional costs for Adelphi was through the increased grant monies available through the Civic Heritage Trust which were updated to reflect the increased costs. We are grateful to the Trust as without those supports, we would not have been able to undertake the project."
