Jump to content

      



























APPROVED
Roundhouse Marketplace
Use: commercial
Address: Esquimalt Road at Sitkum Road
Municipality: Victoria
Region: Urban core
Storeys: 1
Roundhouse Marketplace is the first phase of Bayview Place's Roundhouse neighbourhood. Comprised of commercial... (view full profile)
Learn more about Roundhouse Marketplace on Citified.ca
Photo

[Vic West] Roundhouse at Bayview Place | Condos; rentals; hotel; commercial | 2008 plan approved | 2020 plan proposed

Condo Commercial

  • Please log in to reply
1037 replies to this topic

#701 Mike K.

Mike K.
  • Administrator
  • 84,463 posts

Posted 16 December 2021 - 08:11 AM

Certainly if taking a longer term outlook the scenario is more risk laden. These towers won’t be completed until at least 2030, so you’re not bringing inventory onto the market tomorrow in the present-day market, and Starlight is about to start construction on the first ~500 of 1,500-units at HGV.

To go from needing rentals for viability, as their application claimed in late 2020, to slashing rental units by over 50% within the span of a year, is a tell tale sign something is going on.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#702 spanky123

spanky123
  • Member
  • 21,053 posts

Posted 16 December 2021 - 08:25 AM

The market for buying large rental towers has really started to soften. The possibility that rent controls will be linked to the unit rather the tenant has been the final dagger to the heart for a lot of institutional investors like pension funds.

 

You are right about that. I know of a few owners that are quickly trying to unload the properties while there is still some money in the market. Most people think that the prospect of the NDP tying rent controls to the unit is very real and will be the precursor to widespread Government ownership of rental properties as owners will be forced to sell at liquidation prices to what will essentially be the only buyer.

 

IMHO the Government would have no qualms about screwing over a Starlight or Centurion as greedy capitalists that were profiteering.


Edited by spanky123, 16 December 2021 - 08:27 AM.

  • Nparker likes this

#703 Nparker

Nparker
  • Member
  • 41,554 posts

Posted 16 December 2021 - 08:52 AM

Is than an example of large, state controlled rental projects that have ever really been more than slums for the poor?



#704 berzele

berzele
  • Member
  • 14 posts

Posted 16 December 2021 - 06:24 PM

The previous Roundhouse submission in spring of 2021 assumed that they would be able to move the rail line a bit to the south, which allowed for different building and street / walkway placement.  It was a cool out of the box idea for a challenging site, but I figured at the time that it would be impossible for them to jump through all the hoops needed to get the rail line moved.  Since this new submission shows the rail line in its current location, I'm guessing that is one of the reasons for the changes. 

 

I also noted that the previous submission included way more details and drawings, and they had obviously spent a lot of time and money on that package. It was 112 pages compared to the new submission's 20 pages.



#705 Casual Kev

Casual Kev
  • Member
  • 794 posts

Posted 16 December 2021 - 06:48 PM

We need a Mike Harris-type government that's not afraid to knock municipalities down several notches. Why successive administrations would rather ruin the entire housing market than tell cities they maybe shouldn't make building so hard, I'll never know. 


  • Fairbanks likes this

#706 AllseeingEye

AllseeingEye

    AllSeeingEye

  • Member
  • 6,776 posts
  • LocationEsquimalt

Posted 17 February 2022 - 07:45 PM

Sorry not the update most here are looking for to be sure for Bayview, but as a rail geek I thought this T-C story this morning was very cool.

 

Assuming of course this turkey of a redevelopment project ever takes flight IMO it'll be fantastic to have this little fella scooting back and forth along the rails moving the rolling stock to and fro. This is actually a relatively rare find; I remember seeing a couple of these switcher locos on the prairies and in Ontario in the 60's/early 70's on a couple of our family trips by rail across the country - these models are small but very powerful:

 

https://www.timescol...ailyard-5073835

 

Wikipedia provides a much better look at one these old girls and as indicated in the wiki article the only other (known) preserved and working units of this class in Canada are currently in Edmonton and Hamilton.Makes sense as these guys were typically found in the larger rail-yards such as Edmonton, Winnipeg, Montreal way back in the day:

 

https://en.wikipedia...,_Mar_2017.jpeg


  • Kapten Kapsell and yellow_baron like this

#707 Kapten Kapsell

Kapten Kapsell
  • Member
  • 3,539 posts

Posted 15 June 2022 - 02:14 PM

This rezoning request has been revised and resubmitted on Dev Tracker.  A summary of the changes (note:  this isn't the only image in the booklet with a Ken Mariash photobomb):

 

roundhouse.png


Edited by Kapten Kapsell, 15 June 2022 - 02:16 PM.


#708 Dr. Barillas

Dr. Barillas
  • Member
  • 176 posts

Posted 16 June 2022 - 09:22 AM

This rezoning request has been revised and resubmitted on Dev Tracker.  A summary of the changes (note:  this isn't the only image in the booklet with a Ken Mariash photobomb):

 

 

I wish they would just get on with it or sell it. Figure it out already. 


Edited by Dr. Barillas, 16 June 2022 - 09:22 AM.

  • aastra likes this

"Never go to a doctor whose office plants have died"
 


#709 Kapten Kapsell

Kapten Kapsell
  • Member
  • 3,539 posts

Posted 28 July 2022 - 05:08 PM

$15 million affordable housing contribution announced for Roundhouse: https://www.cheknews...operty-1068502/

Edited by Kapten Kapsell, 28 July 2022 - 05:12 PM.


#710 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 54,568 posts

Posted 28 July 2022 - 05:24 PM

I’m still unclear why his buildout has been so slow.

He’s also 74 years old.

Hang it up?

Edited by Victoria Watcher, 28 July 2022 - 05:25 PM.


#711 Nparker

Nparker
  • Member
  • 41,554 posts

Posted 28 July 2022 - 05:32 PM

$15 million affordable housing contribution announced for Roundhouse:...

Does this mean it's going to end up being as aesthetically pleasing as Hudson Place 2?  :(



#712 Nparker

Nparker
  • Member
  • 41,554 posts

Posted 28 July 2022 - 05:36 PM

...the group believes shovels could hit the ground for some of the buildings in 2024, with some of them opening in 2027...

 

 https://www.cheknews...operty-1068502/

How many start dates have we had for this parcel of land?



#713 Nparker

Nparker
  • Member
  • 41,554 posts

Posted 28 July 2022 - 05:37 PM

Bayview Properties has recently submitted an application for rezoning on their roundhouse property in Vic West, dubbed The Roundhouse....

15 years and counting.


  • Victoria Watcher likes this

#714 aastra

aastra
  • Member
  • 21,047 posts

Posted 28 July 2022 - 06:13 PM

 

Ken Mariash announced his intention Thursday to donate $15 million for the construction of an 18-storey building on the property exclusively reserved for affordable housing.

 

18 stories of bland panels and small windows would certainly make for a hilarious ending to the Songhees architectural design saga. Seriously, let's hope it's a lot better than that.

 

 

...affordable to people with incomes as high as $120,000...

 

Things that make you go hmmm...


  • Nparker likes this

#715 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 54,568 posts

Posted 28 July 2022 - 06:16 PM

Somghees needs more turrets.

Especially if the Nazis invade.

Edited by Victoria Watcher, 28 July 2022 - 06:17 PM.


#716 Mike K.

Mike K.
  • Administrator
  • 84,463 posts

Posted 28 July 2022 - 10:03 PM

The caveat seems to be the project must be approved as soon as possible, or it may not be viable.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#717 Tom Braybrook

Tom Braybrook

    tom braybrook

  • Member
  • 1,578 posts

Posted 28 July 2022 - 10:48 PM

The caveat seems to be the project must be approved as soon as possible, or it may not be viable.

no affordable deal without Council concessions on massive rezoning first!



#718 Vin

Vin
  • Member
  • 153 posts

Posted 29 July 2022 - 01:27 PM

Somghees needs more turrets.

Especially if the Nazis invade.

You do mean the IJN (Imperial Japanese Navy), don't you? I do have a credible source: this is from "The Man in the High Castle", and definitely not hearsay.


  • Nparker, Matt R. and Victoria Watcher like this

#719 Barrrister

Barrrister
  • Member
  • 2,903 posts

Posted 29 July 2022 - 01:35 PM

Fifteen million is not going to build 18 floors of affordable housing especially since the land is not being donated. I am still waiting to see him build all the theater and other amenities that he has repeatedly promised when flogging the other building.



#720 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 54,568 posts

Posted 01 August 2022 - 03:15 PM

The group that’s long been in the process of overhauling two blocks in Vic West with housing and hotels has announced millions of dollars for an affordable housing site in their recently updated project proposal.

If the proposal is approved by Victoria council, the donation of a $15-million site by Bayview Place developers Ken and Patricia Mariash aims to create at least 180 affordable units in a building at the southeast corner of Esquimalt Road and Catherine Street. The Greater Victoria Housing Society (GVHS) would operate the site.


https://www.vicnews....-vic-west-site/

Edited by Victoria Watcher, 01 August 2022 - 03:15 PM.


You're not quite at the end of this discussion topic!

Use the page links at the lower-left to go to the next page to read additional posts.
 



1 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


    Facebook (1)