Chard Development’s Haven condominium pre-sale in Victoria’s Fernwood community has reached sold-out status, Citified has learned.

 

 

The 104-suite entry-level project moved through its studio, one and two-bedroom inventory quickly under a partnership with BC Housing that ‘topped up’ 10% deposit amounts for purchasers to equal 20%, thereby lowering monthly mortgage payments, avoiding CMHC insurance payments, and helping new homeowners purchase a home with fewer up-front savings.

 

Now rising on Johnson Street just east of Cook Street, six-storey Haven is one of two buildings collectively known as Chard’s Cook & Yates development, which includes a 12-storey, 107-suite condominium tower fronting Yates Street at Cook Street dubbed Nest, and an existing five-storey professional centre east of the upcoming tower (that will undergo refurbishment).

 

Chard Development says several homes still remain for purchase at Nest, which is scheduled for occupancy alongside Haven in early 2024. Prices for Nest's final five homes starting at $809,900.

 

The Vancouver-based development firm is an active real-estate player throughout the Capital, having completed numerous condominium and rental projects since the early 2000s, and most recently secured approvals for a hotel development under partnership with UVic Properties that will see a Hyatt Centric built in the 1300-block of Broad Street.

 

With Nest and Haven already under construction, the company is pursuing approvals for its newest Victoria project, that if supported by council, will deliver three condominium and rental towers to the ‘White Spot’ block on Douglas Street between Caledonia Avenue and Discovery Street, and a supportive housing complex north of the towers along Discovery Street.

 

The vision goes before Victoria council’s committee of the whole on Thursday, October 6th.

 

A single condominium tower will comprise of 147 suites in a 21-storey massing, with 171 market rental apartments also in a 21-storey tower. 133 below-market, affordable rentals will be built within a 16-storey tower. The unit count for the planned supportive tower is not currently confirmed, although it is expected to land at over 100-units.

 

As part of the project, Chard will construct a full-service grocery store totalling some 30,500 square feet of floor place, a 5,700 square foot childcare centre, and over 41,000 square feet of office space. A nearly 9,000 square foot public plaza will front onto Douglas Street at Caledonia Avenue with approximately 12,000 square feet of retail spaces operating along its perimeter. C

 

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