121 replies to this topic

[Citified.ca]

Thumbs up to Kapten for the details!

 

Fountain Tire, a business landmark in downtown Victoria's Old Town district, is at the centre of a redevelopment effort that could deliver 250 rental apartments to the 600-blocks of Chatham and Herald streets at Government Street.

 

An aerial view of the 600-blocks of Chatham and Herald streets between Douglas and Government streets in downtown Victoria. A proposal to redevelop 611-635 Chatham Street and 610-618 Herald Street into mixed-use rental apartments and commercial spaces, identified in blue, is in the early stages of the municipal planning process.

 

250-unit rental development pitched for downtown Victoria’s Fountain Tire auto shop, adjacent properties

https://victoria.cit...ent-properties/

[RFS]

Too bad it doesn't include the dumpy hotel behind it

[Nparker]

Too bad it doesn't include the dumpy hotel behind it

Or better yet, the Nightmare on Chatham Street (aka the former Paul's Motor Inn).

[Kapten Kapsell]

Or better yet, the Nightmare on Chatham Street (aka the former Paul's Motor Inn).

That would require the development to actually cross Chatham Street though...

[zoomer]

Did we know that Nicola Wealth owns not only the Wellburns development, but they purchased Hudson One in 2018? So Townline built Hudson One for Nicola Wealth?

[aastra]

I sure hope they're not planning to have the same look across the whole thing. Granularity and narrow frontages are what the old town is all about. Ideally the heights of the sections would also be staggered, to jibe with the height variations in the old town.

 

For some reason the city's diligent heritage advisors always forget about these crucial aspects.

[Nparker]

Or better yet, the Nightmare on Chatham Street (aka the former Paul's Motor Inn).

 

That would require the development to actually cross Chatham Street though...

My comment was meant to be satirical.

[aastra]

 

Granularity and narrow frontages are what the old town is all about. Ideally the heights of the sections would also be staggered, to jibe with the height variations in the old town.

 

That aerial pic shows it well. The new development should add more pieces to the jumble. It will be a bad fit if it ends up seeming very long and very uniform.

[tiger11]

Did we know that Nicola Wealth owns not only the Wellburns development, but they purchased Hudson One in 2018? So Townline built Hudson One for Nicola Wealth?

Thought Primex owns wellburns.. (managed by PC). And think townline still retains hudson walk 1?

[Mike K.]

I’ve never heard of a company buying a condominium that is strata-titled. Are we sure Nicola didn’t buy a rental at the Hudson District?

[zoomer]

Here's a link to Nicola Wealth's real estate purchases.  Upon further reading it shows they own 37.5% of Hudson One, 50% of Wellburns and 100% of the James at Harbour Towers. 

[zoomer]

Assuming that means for Hudson One, their partnership share with Townline was 37.5% from which they derive that percentage of profit.  Still seems odd to be listed that way on their site under real estate purchases instead of being listed as a partnership, or investor. 

[Mike K.]

Ah, so they invested in the project as it went to market. Interesting.

[RustyNail]

I'm still confused: what exactly in Hudson Place 1 do they own 37.5% of? The commercial sections?

[G-Man]

Perhaps they bought units to rent or bought into development and then sold it off to buyers.

[Kapten Kapsell]

The application for a dev permit is now up on dev tracker for this development.  I had trouble pulling up the rendering, so I was unable to snag an image, but the accompanying letter provides some additional detail.  Unit count has increased to 274 and building height will be 5 storeys.

[Brantastic]

It's been a week since plans were posted to the Development Tracker, and it still comes up with an "error" message when you try to view them.

[aastra]

Whenever you see a message re: people have been notified, you can be fairly confident that no one has been notified, or no one is actually checking the notifications if they have been notified.

 

I'm being cynical. Sometimes a recipient is checking the notifications... and ignoring them.

 

"Those were real messages? I was supposed to do something with those?"

 

etc.

 

(This is not a CoV-specific gripe. It's universal.)

[Kapten Kapsell]

Complete plans for this proposed development are on dev tracker now.

 

A rendering:

[Nparker]

So it's basically the Ironworks with brick cladding. It's nice, if a little unimaginative.