Has anyone heard any recent news or rumors about this project?
Our good friends at League Assets have purchased the building and plan to start construction early in the new year according to an email to potential investors.
CANCELLED Victoria Plaza Hotel Uses: condo, commercial Address: 603 Pandora Avenue Municipality: Victoria Region: Downtown Victoria Storeys: 6 Condo units: (studio/bachelor, 1BR, 2BR) Sales status: in planning |
Posted 10 November 2011 - 07:18 PM
Has anyone heard any recent news or rumors about this project?
Posted 10 November 2011 - 08:19 PM
Posted 10 November 2011 - 08:44 PM
Posted 10 November 2011 - 08:49 PM
The hotel has no life whatsoever apart from a few skeezy-looking people hanging around the entrance.
Posted 11 November 2011 - 08:39 AM
Are you sure the sale has actually been completed? The plan was to complete the sale in March 2012 and take possession of an empty building. Thanks for the info by the way.
Posted 11 November 2011 - 08:56 AM
Posted 11 November 2011 - 09:42 AM
104 mixed units, retail and underground parking? I say these guys should be bankrolling non-incumbent council and mayoral candidates - I don't think there's any chance Pam Madoff et co. would let them build something like that in that location.
Posted 11 November 2011 - 10:04 AM
Posted 11 November 2011 - 10:13 AM
Posted 11 November 2011 - 10:15 AM
104 mixed units, retail and underground parking? I say these guys should be bankrolling non-incumbent council and mayoral candidates - I don't think there's any chance Pam Madoff et co. would let them build something like that in that location.
Posted 11 November 2011 - 11:28 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 11 November 2011 - 11:31 AM
Wait, so GMC Projects is no longer the developer, but League is? Did I miss something or was League the developer from the get-go?
The Victoria Plaza Hotel has been purchased by GMc Projects and League Capital Partners (a division of League Assets), and there are hope to see mixed use affordable housing, market condominiums and commercial opportunities at street level.
Posted 11 November 2011 - 11:32 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 11 November 2011 - 11:34 AM
Open Victoria has not recieved anything from them yet... and they know I am running (my uncle is the COO of the purchasing side) I was hoping to get something out of them nada...
Posted 11 November 2011 - 12:18 PM
Posted 11 November 2011 - 12:25 PM
The current plan is to refurbish the original hotel, remove the rock structure at the north end (currently the lobby, cabin 12 and part of the night club), and replace it with a five story glass structure, the top floor of which would go over the hotel. A sixth floor above the glass structure would be set so far back as to be unseen. The entire glass structure would be set back about 10 ft from the hotel so the hotel would protrude on government st. A restaurant (which Cabin 12 is hoping will be them) is expected to feature an outdoor seating area in the northwest corner.
The plan was to take possession of a vacant building in March 2012, begin construction fall 2012, and complete in spring 2014.
Posted 11 November 2011 - 12:42 PM
The current plan is to refurbish the original hotel, remove the rock structure at the north end (currently the lobby, cabin 12 and part of the night club), and replace it with a five story glass structure, the top floor of which would go over the hotel. A sixth floor above the glass structure would be set so far back as to be unseen. The entire glass structure would be set back about 10 ft from the hotel so the hotel would protrude on government st. A restaurant (which Cabin 12 is hoping will be them) is expected to feature an outdoor seating area in the northwest corner.
Posted 11 November 2011 - 12:47 PM
Thanks for the link. So GMC Projects and League have purchased the site. It's just odd to see League involved because initial media reports concentrated more on GMC Projects than League, at least that was my perception.
GMC Projects developed Upper Harbour Place in Vic West, btw.
Posted 11 November 2011 - 12:52 PM
Posted 11 November 2011 - 02:44 PM
Perhaps because you would have to recuse yourself anyway?
As described, this seems completely like a fantasy. At 9000 sqft plate, they are going to want 9 or 10 storeys in old town, right next to Centennial Square to replace a 4 storey building? I don't' mind height, but I'm not sure I'd be in favour of this.
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