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[Downtown Victoria] The Sovereign | Condos | 11-storeys | Built - completed in 2013

Condo Commercial

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#461 gumgum

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Posted 27 September 2013 - 06:49 PM

^It is lined primarily with commercial, it's a legitimate concern that has been brought up in the past. It is hard to understand why ~1/3 of the frontage is needed for the vehicle entrance.

#462 aastra

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Posted 27 September 2013 - 08:22 PM

How many parking spaces are there in the building as compared to the parking lot that was there before?

#463 zoomer

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Posted 27 September 2013 - 08:43 PM

Let's face it, no condo would have been built there without parking. So the choice was condo, or zone for office/retail building only without parking. Or the original parking lot... Still, I agree, parking entrances should be as narrow and inconspicuous as possible.

#464 Greg

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Posted 27 September 2013 - 10:55 PM

My concern is two fold:
1. More vehicles crossing pedestrian space, with associated increased risk of injuries or death
2. The "dead space" that is the entrance (as "attractive" as it is)

And yes, a building is much better than no building, but I think we might need a parking policy rethink in the core downtown.


More vehicles? It is a 32 unit building, with many owners who will seldom use their cars. Previously it was a parking lot with cars going in and out on a regular basis. There will clearly be fewer vehicles with an associated decreased risk of injuries or death.

The dead space is the width of two cars, and just barely that. There is a car elevator in use to reduce the parking footprint. I mean, it would be cool to have commercial space in that spot instead of a parking entrance, but much in the same way that it would be cool if the dentist office across the street was a unicorn store. At some point you have to work within the actual realities of the situation, like in this case the fact that people own cars.

#465 Coreyburger

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Posted 28 September 2013 - 10:26 AM

More vehicles? It is a 32 unit building, with many owners who will seldom use their cars. Previously it was a parking lot with cars going in and out on a regular basis. There will clearly be fewer vehicles with an associated decreased risk of injuries or death.

The dead space is the width of two cars, and just barely that. There is a car elevator in use to reduce the parking footprint. I mean, it would be cool to have commercial space in that spot instead of a parking entrance, but much in the same way that it would be cool if the dentist office across the street was a unicorn store. At some point you have to work within the actual realities of the situation, like in this case the fact that people own cars.


More vehicles in comparison to a building without a parking garage, which is my point. Does every single building need a parking garage? That could easily by 50% of the block lengths with curb cuts and dead space.

#466 sebberry

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Posted 28 September 2013 - 11:18 AM

I don't think cyclists are the target buyers for condos in this building.

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#467 Nparker

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Posted 28 September 2013 - 11:20 AM

.. Does every single building need a parking garage?...


In a word YES. Downtown parking is a great concern to many. Including underground parking with new condo construction is a big selling feature.

#468 Mike K.

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Posted 28 September 2013 - 11:22 AM

If developers could build condos in Victoria without on-site parking and still sell those condos, they would. But they can't. Not only does the City of Victoria require parking in the majority of cases, residents expect parking.

Believe me, if a multi-million dollar excavation and parking facility could be avoided it would be. Less money, less time, less hassle, same reward.

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#469 MarkoJ

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Posted 28 September 2013 - 02:01 PM

If developers could build condos in Victoria without on-site parking and still sell those condos, they would. But they can't. Not only does the City of Victoria require parking in the majority of cases, residents expect parking.

Believe me, if a multi-million dollar excavation and parking facility could be avoided it would be. Less money, less time, less hassle, same reward.


Exactly! Developers build what the market demands. From my understanding parking spots are sold at approximately construction cost; however, they are necessary in order to sell the condo units. Selling a condo, even downtown, without parking is a challenge especially when you get over $300,000.

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#470 MarkoJ

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Posted 25 November 2013 - 02:18 PM

Unit #1002 just sold for $1,370,000 or $946 per square foot.  Impressive numbers.  


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#471 HB

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Posted 13 January 2014 - 11:24 PM

.


Edited by HB, 18 November 2014 - 01:29 PM.

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#472 D.L.

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Posted 14 January 2014 - 12:13 AM

Nice view of the Sussex building there

#473 MarkoJ

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Posted 20 January 2014 - 08:25 AM

Sovereign at night, January 19th, 2014.  10 units still available.

 

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#474 MarkoJ

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Posted 19 April 2014 - 07:14 AM

Blending into the city skyline.....the last developer unit sold 5 months ago according to MLS®.....11 units still remain.  

 

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Edited by MarkoJ, 19 April 2014 - 07:14 AM.

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#475 Mike K.

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Posted 19 April 2014 - 07:31 AM

Do you know where in the building the unsold units remain?

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#476 MarkoJ

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Posted 19 April 2014 - 09:17 AM

Do you know where in the building the unsold units remain?

 

Yes, it is on their website -> http://www.thesovere...rplans-pricing/


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#477 Mike K.

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Posted 30 April 2014 - 02:55 AM

Chard is now offering up go $20k in decorating packages with each Sovereign unit sold.

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#478 MarkoJ

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Posted 03 June 2014 - 05:56 PM

From the Promontory...

 

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Looks like a dentist is setting up shop on the 2nd floor...

 

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#479 MarkoJ

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Posted 03 June 2014 - 06:22 PM

After a 6 month cold streak finally a couple of sales at the Sovereign....

 

#503 went for $479,000 and #901 for $918,000.

 

Down to 9 left...


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#480 Mike K.

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Posted 03 June 2014 - 07:57 PM

There are 36 units, right? So I guess this means the tower is 75% sold out.


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