Downtown Victoria’s newest condo development is underway as crews start site excavation at Johnson and Vancouver streets.
Dubbed 989, the project is comprised of two highrise towers of 17 and 15-storeys, a six-storey podium between them and ground floor retail space fronting onto Johnson and Vancouver streets.
Developer Dan Cox of Victoria-based Cox Developments, currently building the 1075 Pandora rental apartments in the 1000-block of Pandora Avenue, says a six month excavation schedule is anticipated with two years budgeted for actual construction.
“We’re in the ground now and expect to start construction by the spring of next year. In approximately two-and-a-half years residents will start moving in,” Cox said.
205 condos ranging from 453 square foot studios to 1,098 square foot two-bedroom layouts will be available throughout the complex. The first sales launch, Cox says, is scheduled for the late summer or early fall.
“Our first sales release will be in mid-to-late September and feature suites in the west tower and podium. This will allow early registrants first choice and opportunity to purchase,” Cox said.
The 15-storey “west” tower is comprised of units sized between 512 and 900 square feet in one and two-bedroom configurations. The west side of the podium will offer 40-units in a wider selection of layouts as low as 453 square feet and up to 1,098 square feet in studio, one-bedroom and two-bedroom options. Prices start at $289,000.
989’s presentation centre, situated in the former McCall Bros. building on Johnson Street across the street from 989’s construction site, is expected to open in October following the VIP sales phase.
Homes in the 17-storey “east” tower and its portion of the podium will be available as part of a future (yet unscheduled) sales phase, as will several live-work units sized up to 1,800 square feet. Pricing and detailed unit options will be revealed at a later date.
220 parking stalls are planned as part of the project’s underground parking structure. Many units will include parking as part of the purchase price, although smaller units will come with the option of securing a stall for an additional fee. Cox says enough parking capacity is available to ensure buyers with more than one vehicle can acquire a second stall.
Cox is not releasing details pertaining to possible ground floor commercial tenants just yet, however, he does confirm several groups have expressed interest in the project’s 9,000 square feet of retail space.
“We’ve been in discussions with a number of interested parties already. Although I can’t get into details, what I can say is we’re looking for retail tenants that will add to the vibrancy of the block. We’re really keen to have unique tenants in this building that will draw people down from their units and from across the region,” Cox said.
To get on the 989 VIP list and be among the first buyers to secure a suite, register on 989’s project website. C
Stay on top of local real-estate news with Citified's Insider Report newsletter. Click here to subscribe.
© Copyright 2016 by Citified.ca. All rights reserved.
- Learn more about 989 on Citified | Discuss 989 on VibrantVictoria
- View the official project website here
- Subscribe to Citified's Insider Report to receive our newsletter straight to your inbox
- Looking for a new-build home or commercial space in Victoria? Use Citified to research new-build condos, rentals and commercial spaces
- Follow Citified on Twitter
- Connect with Citified on Facebook: