"He noted it has meant other developers have been forced to cancel or postpone some ­projects."

Interesting. Is this why so many projects that got approved over a year ago haven't started? Thinking specifically of that office building that is supposed to go where Capital Six is, the hotel where Monk Office is, and the first phase of the Harris Green project.

Capital 6 might make sense when government tenants decide to vacate older spaces and consolidate into new spaces.

Harris Green Village is already a rental, so it’s not faced with a use that could be converted to rentals. The hotel on Fort and Blanshard is going to potentially be more lucrative now that AirBnBs are being banned.

Generally speaking office development is not a priority right now, so it makes sense for Chard to redesign while they easily can.

Any movement on this project?

Any movement on this project?

Victoria council has agreed to allow Chard Developments to tweak the design of its already approved mixed-use project at the corner of Douglas Street and Caledonia Avenue, eliminating most of the planned office space in favour of more residential units

Council unanimously approved the changes, which will see an additional 56 housing units in the development, including 43 more rentals, two guest suites and 11 condos.

The project is on a site that had been home to the White Spot restaurant and the Capital City Centre Hotel at 710 Caledonia and 1961 Douglas.

Chard Developments said the changes were required due to the Bank of Canada’s rate hikes in 2023, which created problems with ­financing.

Chard asked the city to approve an amendment to the proposal that would allow the company to convert more than 38,000 square feet of office space into residential housing in one of its towers.

In granting approval, council also agreed to slight alterations — between one and two metres — in the heights of the three residential­ towers and a reduced parking requirement. Residential parking will drop to 221 spaces from 300, and ­visitor parking will be reduced to 15 from 50 stalls. To offset the parking loss, Chard will expand its bike parking, e-bike and e-scooter share programs, and increase car-share spaces to six stalls from the original two.

https://www.timescolonist.com/local-news/chard-gets-ok-to-nix-office-space-and-add-housing-units-in-caledonia-development-9914796

Makes sense to reduce the amount of commercial space for this project and add more housing

Not that I love to see parking, I would assume the reduction in visitor parking would not be the same as commercial parking right? I mean if there is still a planned grocery store here.