The Ventana is a proposal for a 14-storey, 21-unit luxury condominium tower along the 1000-block of View Street at Vancouver Street in downtown Victoria.
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They would need a strategy to work with the affordable housing requirement. 20% of 21 units would be just over 4.2 units.
Under 60 units is cash-in-lieu, though I'm not sure what the rate is or if it's established through a land lift analysis
The developer assures me this is not a dead proposal. Just working through the system.
Yes, it's well underway behind the scenes. It's quite a complex project by the sounds of it and its still in the early pre-application phase with municipal planners.
In the race of Harris Green two-phase buildings that share a parkade, which do we suspect will get underway first...The Ventana or 1088 Johnson?
I asked David Jawl back in the summer if he knew timelines for 1088 being it's across from his firehall project, but he was unsure.
i'll bet $50 ventana completes before the wade.
The luxury building will be comprised of only 21 residences with opportunities to combine suites for entire-floor homes.