Subsidized daycare to play key role in dev pitched for Pic-A-Flic site in Cook Street Village
MIKE KOZAKOWSKI, CITIFIED.CA
Published November 30, 2018
A 48-unit condominium proposal slated for the present-day Pic-A-Flic Video property and two adjacent properties in Victoria’s Cook Street Village could materialize with a unique amenity, if development plans are approved.
The space, sized at approximately 2,500 square feet, would be accompanied by an outdoor play area of some 1,500 square feet, in a commercial unit adjacent to the development site at 380 Cook Street.
As part of its application packaged before the City, the proponent says it has submitted a request for proposal to solicit interest from daycare operators who could sustain services with a 50% lease rate subsidy for the first seven years of operations and a 25% subsidy for an additional three years.
In addition to lower operating costs introduced to ensure a daycare operation would remain financially viable at the high-profile site, the developer will also subsidize daycare fees to the tune of 50% for five children of parents who purchase a suite within the building. The subsidy would remain in effect for a period of two years per child.
Aragon Properties initiated its proposal process for the Pic-A-Flic site last year. Since initial plans were laid under the design direction of Cascadia Architects, the project has settled on a height of four-storeys while the unit count has nudged up to 48 from an earlier 46. Residences will be in the form of one, two and three-bedroom layouts with parking in the form of a single-vehicle parkade in addition to several ground-level stalls for commercial clients.
The updated proposal will go before the City of Victoria’s Committee of the Whole next week. If council approves of the plans a public hearing date will be set for some time in early 2019.
The developer is currently involved in a number of local infill developments like Esquimalt’s Town Square complex
, a multi-building mixed-use office, retail, condominium and rental apartment project now under construction along Esquimalt Road adjacent to the town hall, the redevelopment of Esquimalt’s English Inn property along Lampson Street and a subdivision in Saanich near Mattick’s Farm. Aragon has also proposed a 133-unit residential subdivision
in the community of Sooke on the Victoria’s Westshore. C
© Copyright 2018 by Citified.ca. All rights reserved.
You may be interested in:
Jam Café to open Cook Street Village location as operators of The Village chain take over Bubby Rose's Kitchen