A rendering of a revised proposal for Mike Geric Construction's The Rise on 5th condominium, which is back before the Town of Sidney after receiving approvals for a smaller concept in 2020. The new design follows the acquisition of an adjacent parcel that provides the proponent with an opportunity to expand the proposal's footprint and unit count. Mike Geric Construction
Approved condo project in Sidney seeks new round of permitting after land acquisition
MIKE KOZAKOWSKI, CITIFIED.CA
Published April 15, 2021
An already approved condominium project in the Town of Sidney is back before the municipality with a larger footprint and unit count following an adjacent property acquisition by the proponent.
Developer Mike Geric Construction, currently building the mass timber-designed Tresah condominiums
in Victoria’s Mayfair District and having recently sold-out of its Reeve townhomes
in Royal Oak, is once again seeking approvals for an upcoming condominium offering known as The Rise on 5th
, which was expected to hit the market in 2021 as a four-storey complex along the 9700-block of Fifth Street.
Approved last year for two properties (9570 and 9574 Fifth Street) was a 19-unit concept with underground parking. Post-approvals, however, the developer acquired an adjacent property (at 9566 Fifth Street) providing an opportunity to expand the building while yielding space for 36 residences in studio, two and three-bedroom layouts. Homes will also feature over-sized patios and balconies to take advantage of The Rise’s oceanside setting.
The project’s height will remain at four-storeys with all parking stalls underground. And as part of an amenity package, Mike Geric Construction will upgrade pedestrian infrastructure along Fifth Street, together with public path improvements spanning the south edge of the site.
In a statement made to Citified, the developer anticipates municipal approvals for the revised proposal to be granted later this year. C
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