The 107-year-old Caption Building at 1050-1058 Pandora Avenue is the focus of redevelopment plans that could see the heritage building's facade restored while modern residences would be built as part of a six-storey complex. Citified.ca
Wellburn's Market redev to retain heritage facade, deliver over 80 rentals to North Park
MIKE KOZAKOWSKI, CITIFIED.CA
Published July 20, 2018
Developers behind the Wellburn's Market acquisition plan to retain the aging commercial and residential building's heritage facade while redeveloping the property into rental apartments and retail space, Citified has learned.
District Developments Corporation is proposing to erect a six-storey, 84-unit rental complex on the Wellburn's 1050-1058 Pandora Avenue site and an adjacent surface parking lot immediately to the north of the existing building at 1518 Cook Street. The first two floors will feature retail and commercial space.
The Caption Building, as the Wellburn's Market building is officially called, was constructed in 1911 with commercial and residential uses. 107-years on it remains true to its original purpose with the Wellburn's Market as its primary ground floor commercial tenant, a barber shop with frontage onto Cook Street and rental apartments above.
As part of the development proposal the Caption Building's facade will be retained and restored to its original condition, a common heritage-preservation technique that preserves the essence of a heritage structure while providing seismically sound, modern interior spaces for future residents and commercial tenants.
District's vision for the property and details behind the proposal will go before the North Park Neighbourhood Association in the coming weeks.
Situated to the northeast of downtown Victoria-proper and Harris Green, North Park and its adjacent blocks have experienced a significant rise in development activity in recent years.
The neighbourhood will soon be home to the downtown core's first full-service, large-scale grocery store as part of a
Save-On-Foods-anchored mixed-use development currently underway along Pandora Avenue at Vancouver Street. Known as the
BueSky project at 1008 Pandora Avenue, the six-storey mixed-use building will include nearly 200 rental apartments and a ground floor commercial component. Completion is anticipated by early-to-mid 2019.
Across Pandora Avenue from the Wellburn's property is Cox Development's 13-storey
V1488 rental tower. The 134-unit highrise was completed earlier this year and has received its occupancy status. V1488's rental apartments are
currently being offered for rent.
Further west along Pandora Avenue Victoria-based developer Kang & Gill has proposed a
mid-rise residential tower along the 900-block. The project is at the municipal planning stage and is not expected to receive municipal approvals until later this year or in early 2019.
North Park is also home to what could become a redevelopment of the
Crystal Pool health and wellness facility along Quadra Street at Pembroke Street. The $70 million undertaking could get underway within two years pending municipal approvals and secured financing.
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