Vancouver-based Bosa Properties has confirmed a rumour first aired several months ago hinting at the company developing the third and final tower atop the Saghalie District of Bayview Place, a multi-phased redevelopment of former rail yard and industrial land at Tyee and Esquimalt roads in Vic West.
Several years ago Bosa secured development rights from Bayview Place developer Focus Equities to build the 21-storey, 177 unit Promontory condo tower that was completed in 2014. With only a handful of units remaining at the Promontory, Bosa is clearly bullish on the Victoria market and expects to start construction next year on the 17-storey, 140 unit condo development (with a low-rise component), currently referred to as "Lot 5" and situated across the street from it's 21-storey counterpart. Marketing will begin later this year with completion of the project scheduled for 2019.
Bosa Properties' subsidiary, Blue Sky Properties, is currently engaged in the municipal approvals process for a 195 rental unit and 50,000 square foot ground floor commercial development at Pandora Avenue and Vancouver Street. The project will be scheduled for a public hearing as early as this summer. C
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