Construction starts on 20-storey Yates on Yates and Vivid at the Yates towers
Published October 30, 2017
Excavation and site preparations are now underway for Chard Development’s two-tower condominium development on a site spanning the 800-blocks of Yates and Johnson streets.
The builder's latest undertaking in Victoria is in the form of two 20-storey residential highrises with a combined total of 251 suites and multiple ground floor retail spaces.
Along the property’s Yates Street frontage a tower dubbed The Yates on Yates will rise with 116-units of condominium residences in studio, one, two and three-bedroom configurations ranging in size from 342 to 1,761 square feet. The project’s sales effort is nearing 75% sold-out status.
Sited immediately to the north of The Yates on Yates and facing onto Johnson Street, Vivid at the Yates is comprised of 135-units of 8% below-market condominiums in one and two-bedroom configurations ranging between 475 and 1,000 square feet.
Vivid’s affordable housing component is made possible through a first-of-its-kind financing partnership with BC Housing that allows Chard to offer a significant reduction on the cost of homes. Registrations for Vivid’s upcoming sales release are being taken now.
Occupancy for both towers is anticipated by mid-2020, with formal construction slated to begin by the spring of next year.
Chard Development recently completed its sixth Victoria development in the form of a 10-storey lowrise situated along the 800-block of Broughton Street. The 84-unit Escher on Broughton condominium pushed Chard’s total tally of completed homes in the Capital City to 491. And currently underway across the street from The Yates on Yates property is Chard's Yello on Yates, a 15-storey, 209-unit purpose-built rental complex that will deliver condominium-like rental housing to Victoria’s downtown core in early 2018. C
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