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Sale of downtown Victoria's Pacific Mazda auto dealership paves way for multi-tower development

The Pacific Mazda dealership, bordered by Yates and Johnson streets at Cook Street, has been sold to a Victoria-based automotive group. The transaction paves the way for a mixed-use, multi-phased development planned for the 1.8-acre site.  Citified.ca

Sale of downtown Victoria's Pacific Mazda auto dealership paves way for multi-tower development
MIKE KOZAKOWSKI, CITIFIED.CA
A downtown Victoria automotive landmark has been sold, marking a significant turning point in the Capital’s automobile industry and a milestone for a multi-phased downtown Victoria redevelopment.
 
Pacific Mazda, situated at 1060 Yates Street at Cook Street in Harris Green, will be in the hands of the Carson Automotive Group as of January 1, 2020, Citified has learned.
 
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The deal, confirmed by Pacific Mazda’s President Michael Stevaluk, ends a 30-plus year family owned and operated run for a dealership that was once headed by former Victoria mayor Peter Pollen.
 
Although pricing was not disclosed, Stevaluk confirms the sale to Carson Automotive Group, which operates dealerships that include Glenoak Ford on Douglas Street near Hillside Avenue and Suburban Motors on Douglas Street near Saanich Road, will include an approximate two year lease at Pacific Mazda’s existing property.
 
With the purchase representing only the dealership and not the real-estate asset, Carson will initiate a process to relocate the lot within that time.
 
The 1.8-acre parcel was recently the focus on a municipal rezoning process that yielded approvals for an 11-storey, 130-unit affordable housing complex containing a modern No. 1 Victoria Fire Department fire hall at 1025 Johnson Street, along with future phases envisioned as three mixed-use highrises on the remainder of the property bordered by Cook, Yates and Johnson streets.
 
With the future of the dealership now sealed, developers Jawl Residential and Dalmation Properties now have a more defined timeline for executing the project's build-out. C

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