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Second phase of rentals at Colwood Corners hit the market as planning for future towers continues

Two rental blocks are under construction along Jerome Road as the second phase of residences at Colwood Corners. The duo of five-storey buildings delivered nearly 150 residences when they recently reached occupancy.  Google

Second phase of rentals at Colwood Corners hit the market as planning for future towers continues
Mike Kozakowski,
The latest phase of residences have completed at the City of Colwood's Colwood Corners mixed-use development on Sooke Road at Goldstream Avenue.
Developer Onni Group has brought to market two five-storey rental blocks with nearly 150 suites between them, in studio, one and two-bedroom layouts.
Situated along the 1900-block of Jerome Road at the rear of the Colwood Corners property, the project’s latest phase completes two additional parcels between the recently opened first phase (above a Save on Foods grocery store) and the existing London Drugs complex.
Meanwhile, commercial units fronting Sooke Road are moving towards completion, as crews mobilize to demolish the former Coast Capital bank building.
Future plans for Colwood Corners include a proposal for two 33-storey towers that will yield approximately 750 rental suites in highrises that could stand as Vancouver Island’s tallest buildings.
The proponent has pitched its plans for 1911 and 1921 Jerome Road, at the southern perimeter of the Colwood Corners site that backs onto the Galloping Goose Regional Trail.
Although no commercial spaces are expected within the towers, Onni intends to deliver a significant amenity component for residents that includes an outdoor pool and hot tub, a lawn bowling green, a fitness court suitable for basketball, a fitness area with a gym, and interior amenity spaces. The provisions would be situated atop each tower’s fifth level rooftop on the sixth floor.
The 12.5-acre Colwood Corners parcel bordered by Sooke, Jerome and Belmont roads was purchased by Onni in 2014 following the bankruptcy of League Assets Corporation. The defunct Victoria-based developer secured approvals for an ambitious mixed-use community — dubbed Capital City Centre — that included a cluster of condominium towers rising as tall as 29-storeys, an office building and a large retail component. Construction of Capital City Centre’s first phase began in the fall of 2012 only to stall by the following summer.
Since resuming construction in 2017, Onni completed a five-storey rental block in 2021 with a Save On Foods grocery store at its base, along with the two newly completed apartments, bringing the total completed unit count to approximately 280 homes. C
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