[Downtown Victoria] 8xx Pembroke rental apartment | 4-storeys | Built - completed in 2010
#1
Posted 08 July 2008 - 08:47 PM
#2
Posted 08 July 2008 - 09:13 PM
Gurcharen Budwal is doing something rarely seen in Victoria over the past three decades.
On a small lot behind Quadra Street’s Mohawk gas station in the North Park
neighbourhood, Budwal is overseeing construction of an apartment building. Not a
condominium with units that may—or may not—be rented out by their owners, and not a
subsidized housing unit financed through BC Housing or other non-profit groups for those
whose next available option is life on the streets. Budwal is building a bona fide 16-unit
market-rent apartment complex.
“It’s a long-term investment,” says Budwal, bucking the get-while-the-getting’s-good
mentality that characterizes much of Victoria’s recent building frenzy. But just because
Budwal is building, don’t expect others to follow suit.
“There’s no incentives to build apartments,” he says. “They should have more incentives
for people who want to build rentals.”
-City of Victoria website, 2009
#3
Posted 09 July 2008 - 06:35 AM
#4
Posted 09 July 2008 - 10:24 AM
#5
Posted 09 July 2008 - 10:28 AM
But now buildings in James Bay owned by Quadra Pacific rent for $800+ for the bottom floors and well over $1000 for anything with a view.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#6
Posted 09 July 2008 - 11:30 AM
-City of Victoria website, 2009
#7
Posted 09 July 2008 - 11:40 AM
Counillors also objected because the rentals wouldn't have been aimed at the low-income market.
That's what I was trying to say. A new building is a new building, like it or not.
#8
Posted 09 July 2008 - 11:45 AM
Would this developer have made design changes in exchange for height and density changes? No. He wanted to fit into existing zoning and move through the process with as little input from city hall as possible.
#9
Posted 24 April 2009 - 09:47 AM
#10
Posted 24 April 2009 - 10:51 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11
Posted 20 July 2009 - 03:11 PM
#12
Posted 01 September 2009 - 07:38 AM
#13
Posted 01 September 2009 - 08:25 AM
So we are looking forward to 1976?Developers will build cheap new rentals when Toyota builds a $3000 Corolla.
#14
Posted 01 September 2009 - 08:50 AM
So we are looking forward to 1976?
I bought a new, mustard coloured Toyota Corolla in 1975 for $2195.00.
(that includes $200 discount for the trade- in)
#15
Posted 01 September 2009 - 09:04 AM
So we are looking forward to 1976?
I paid $1600 for a souped-up 1976 Corolla in... about '85.
#16
Posted 30 September 2009 - 11:58 AM
#17
Posted 30 September 2009 - 12:20 PM
Is work continuing on this project...?
It went for a bit, then I think it's stalled again...
#18
Posted 15 January 2010 - 02:37 PM
TWO MORE NEW SUBSIDIZED HOUSING PROJECTS ROLLED OUT
Jan 14, 2010
http://cfax1070.com/...hp?newsId=12015
THE CAPITAL REGIONAL DISTRICT HAS COMMITTED OVER HALF A MILLION DOLLARS TO A PAIR OF NEW SUBSIDIZED HOUSING PROJECTS.
ONE OF THEM IS BEING PUT TOGETHER BY THE GREATER VICTORIA HOUSING SOCIETY, TO CREATE 25 NEW SUITES FOR THE WORKING POOR ON PEMBROKE STREET. IT RECEIVES 375 THOUSAND DOLLARS FROM THE REGIONAL HOUSING TRUST.
[...]
Anyone know if this is where things are happening? $375,000 might finish the place up from where they left off, and 25 suites sounds about right.
I hope they install a sign outside. I'll put the relevant data into my Name/Slogan GeneratorⒸ... stand by:
Working Poor Villa
Barely Gettin' By at it's Finest!
#19
Posted 20 January 2010 - 08:36 PM
#20
Posted 17 September 2010 - 02:16 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
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