The 1950's addition to the historic Customs House – situated on Government Street at Wharf Street – will be coming down this fall to make way for a seven-storey luxury condominium and ground floor retail building. The original Customs House will be restored and seismically upgraded as part of the project. Google
Faux heritage Inner Harbour landmark to make way for luxury condos
Published September 27, 2017
A landmark overlooking Victoria’s Inner Harbour will soon be no more as crews prepare for the construction of a luxury condominium residence with ground floor retail space.
Erected in the 1950’s as a modern addition to the 103 year-old Customs House (situated at the nexus of Government, Humboldt and Wharf streets overlooking the Inner Harbour), the four-storey faux heritage office and retail complex is being razed to make way for a seven-storey replacement.
Developer Cielo Properties has already begun the process of seismically upgrading the aged Customs House and an exterior heritage restoration process is set to get underway this fall. Once the 1950's wing is demolished, work will begin in earnest on the new-build wing.
Dubbed Customs House
, the project is comprised of 57 high-end residences with layouts spanning between 618 and 4,442 square feet, and a ground floor retail component that will total some 16,000 square feet. Three levels of underground parking will accommodate just over 90 vehicles.
With pricing starting at around the $500,000 mark and reaching as high as $9.3 million, Customs House will not only become one of the most recognizable developments in the Capital City, it will also usher in the highest per-square foot costs at just under $2,100.
Compared to the region’s typical new-build condominium square footage rates of $750-to-$1,200, Customs House will nearly double the top-end condominium price stratum for southern Vancouver Island real-estate.
Construction of the new-build wing and the Custom House restoration are scheduled for completion in 2019. C
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