Real Estate In Victoria BC - Condo Tower Too Tall
Victoria Real Estate is Growing Taller.
Over the last few years there have been many new condo towers built in Victoria. It does look like real estate is growing taller. Or is it? The Westshore of Victoria has approved some very tall buildings up to over 40 stories high. What about downtown Victoria? Well there are some 20 plus story buildings. The question then is, should we allow real estate to grow taller? The taller the buildings, the more prestigious they seem to be.
This is a dilemma that our local Victoria government has to deal with, and it’s not an easy task to say the least. As much as we all want to preserve the look and feel of Victoria, we must also make it affordable for developers to build and for people to live. A recent article by Carolyn Heiman, Times Colonist looks at the role the Victoria government is taking. It reads:
Too-tall downtown condo tower rejected for third time
Proposal for Crystal Court site too tall, council tells developer.
A developer is going back to the drawing board a fourth time after Victoria city council rejected a proposal for an 17-storey condominium on the Crystal Court Motel site in the tourist district.
Architect Jim Cheng, a spokesman for Westbank Corporation, offered to return to the council before the end of summer with a new proposal that would take into consideration council’s concerns that the project not interfere with views from the Inner Harbour or overwhelm the historic Fairmont Empress hotel and legislature building.
Cheng said later the company wants to get the proposal to a public hearing before a new council is elected in November which could be less sympathetic to development proposals.
While city staff recommended to council that the Westbank application for a public hearing be declined, a divided council staved off a complete roadblock for the project by tabling the application, giving the developer time to return with revisions.
Staff said the building, which would rise up above distinctive heritage rooflines, would have an impact on the historic character of the Inner Harbour. As well, the project went counter to a recently adopted policy of not increasing allowable height in that area.
The zoning currently allows a 21.5-metre-high building, compared to the 53.1-metre proposal put forward by Westbank.
Westbank has been working on the project for two years, originally proposing a condominium tower along with a space for a satellite exhibition space for the Art Gallery of Greater Victoria.
When that plan was turned down, the firm came back with a proposal for two 10-storey towers which also didn’t receive much community or staff support. The latest proposal called for a 112-unit residential tower on the east portion of the site and a two-storey pavilion for commercial use on the west side across from Thunderbird Park.
Several councillors — Geoff Young, Helen Hughes, Chris Coleman, Charlayne Thornton-Joe and Bea Holland — all prefer a single tower on the project, but said the proposed building was too high.
Cheng said council made some good points and the developer wants to return with a plan that will take them into account.
He noted the amenity package being offered to the city would also change, however.
The developer offered the city a cash contribution of $400,000, art on the site valued at $150,000, road work and traffic lights valued at $354,000 and $106,000 for right of way improvements along Belleville Street.
Chandler said she would be happy to give up the money in favour of the right project for the site. End of article. Carolyn Heiman can be reached at cheiman@tc.canwest.com
Do you think the downtown Victoria real estate should be allowed to grow tall? We would love to hear from you.
Cheers,
Bill
Bill Ethier B.Sc - REALTOR®
Properties in Victoria Professionals- Royal LePage Coast Capital Realty
Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.






