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The Yates on Yates is one of two 20-storey residential towers proposed for a property spanning the 700-blocks of Yates and Johnson streets.
The tower will encompass 122-suites of one, two, and three-bedroom condominium residences and four townhomes. A ground floor commercial component will front onto Yates Street.
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Approximately 7,850 square feet of ground floor retail space will front onto Yates Street.
The rental market is as tight and as expensive as it ever was.
And this year we also have wealthy snowbirds who ordinarily would travel south for the winter, coming to Victoria and renting apartments.
I think the demand for downtown has dropped a bit. I don't have any data to back it, but just a sense that the appealing part of downtown living isn't really here in 2020. I think the overall demand for condos is still doing well, but people aren't drawn to the city centre like they were last year. People are opting for more suburban areas.
My theory is that when tightly packed bars and dancing becomes a thing again, the demand for downtown living will also return.
I think the demand for downtown has dropped a bit. I don't have any data to back it, but just a sense that the appealing part of downtown living isn't really here in 2020. I think the overall demand for condos is still doing well, but people aren't drawn to the city centre like they were last year. People are opting for more suburban areas.
My theory is that when tightly packed bars and dancing becomes a thing again, the demand for downtown living will also return.
I get the same feeling, people aren't willing to pay a premium to be downtown necessarily.
But now Esquimalt Town Square is coming into play, Tresah is coming into play, Westbay Quay, Belmont Residences and Sparrow, etc, are coming into play. Traditionally the market would have been slower to respond to these projects but 2020 changed that. Even Sidney will see an uptick in demand all while fewer jets fly overhead which will make that part of town even more appealing.
Figured some others might be interesting in perusing the photos. They should be in chronological order so it forms a nice timeline. (241 photos)
https://photos.app.goo.gl/fpfbAGqbfcJnNQyL8
I think most of the photos are from Brantastic, myself, Dkuitu, Citified and a few others I may have forgotten. Credit and thanks to all of them.
If you see one of your photos in there, let me know and I'll add your name to this post or take down the link if you prefer. (I don't normally do social media and photos so I'm not too sure of the etiquette)
Ten on the 10th: Real-estate development Q&A with Byron Chard of Chard Development
Developer Byron Chard discusses Victoria's real-estate development industry.
Fall 2019 downtown Victoria new condo round-up: what’s available, where, and for how much
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BC Housing-backed Vivid at the Yates condominium in downtown Victoria reaches sold-out status
Chard Development's 135-suite condominium was targeted towards first time and entry-level buyers through a first-for-Victoria BC Housing partnership.
Home ownership dreams fulfilled: BC Housing-backed Vivid condo reaches 90% sold-out status
Only a dozen suites remain for sale at Chard Development's attainable housing condominium in downtown Victoria.
Estates in the sky: Chard Dev goes luxury with Yates on Yates tower's Signature Penthouse Suites
The 20-storey tower's upper-floor penthouses represent a collection of some of the most high-end homes on the market.
Construction starts on 20-storey Yates on Yates and Vivid at the Yates towers
Work has begun on building over 250 condominiums in two towers set to rise between the 800-blocks of Yates and Johnson streets.
Pre-sale condo inventory cheat sheet for downtown Victoria's red-hot real-estate market
There may be lots of construction cranes above city streets, but not all projects have available pre-sale condo inventory. Find out what's still selling and what's coming soon.
Canada Day marks start of sales for 20-storey Yates on Yates condo dev
The 116-unit Yates on Yates mixed-use condominium and commercial development will officially launch its sales campaign on July 1st.
Victoria council approves trio of downtown residential towers
A seniors complex on Belleville Street and two residential towers between the 800-blocks of Yates and Johnson streets have received municipal approvals.
Two 20-storey 'stacked box' towers pitched for 800-blocks of Yates and Johnson
226 residences are proposed for two 20-storey towers rising above the 800-blocks of Yates and Johnson streets.
Chard set to unveil two-tower project as Escher condo nears sell-out
Chard Development is readying for the launch of the company's largest Victoria project to-date while its Escher condo project is one unit away from sold-out status.
Two-tower condo and rental development pitched for lot next to Sugar Nightclub
A surface parking lot between the 800-blocks of Yates and Johnson streets will be transformed into residential towers.
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