The Apex Site property on Douglas Street at Humboldt Street in downtown Victoria, also known as the 'Budget Lot,' is the focus of a redevelopment effort known as TELUS Ocean, an innovation and employment hub for 250 TELUS employees, ground level retail space, and six levels of leasable office space.
The City of Victoria-owned Apex Site property was the subject of an early 2017 bidding process between six proponents. The City of Victoria opted to proceed with a development planning process and a land sale that ultimately saw partners Aryze Developments and TELUS co-operate on the TELUS Ocean concept.
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A person's home is typically the biggest purchase they ever make and there is often financial and other challenges in getting to that purchase. Its a huge decision and investment, made not just based on their liking the home itself but also the surrounding block, street, whatever. Having done all that, how is it not fair that they be given a decent say in the matter if someone proposes to significantly change a neighbouring property?
Totally agree, but that should be done at the OCP level which takes into account the broader City needs instead of their own specific needs. Strong design guidelines are also a filter to ensure projects avoid specific conflicts with adjacent properties.
You might be alone on an island thinking there is no housing crisis :)
We build and own rental buildings and know many others who do as well, this is not our experience at all.
You've presented a statistical outliers to summarize housing demand. You're reason to say there is no housing crisis is people wanting $2m homes who can only afford $500k? As a home builder, your example is less than 0.1% of the story we hear. The buyers are normal who don't want to leave the City and uproot their kids from school. They are people moving here for job prospects. They are people living in condos wanting to have another bedroom for their growing family.
it should be equally as difficult to build a $2m SFD as it is to build a $800k townhouse.
Those buyers are abnormal not normal. They are missing every train leaving every station and are unlikely to do what you say they want to do because they are being outpriced by the 10,000 families that bought homes in the last year who are alone with me on my island of reality.
I like the Telus project and I think we should stick to that project in this thread.
....I like the Telus project and I think we should stick to that project in this thread.
Alright, let's remember this is the Telus thread. We have a housing affordability thread that is a far more meaningful place to hold this discussion, which it sounds like people want to continue so ---> https://vibrantvictoria.ca/forum/index.php?/topic/4188-victorias-housing-market-home-prices-and-values/page-170#entry598300 Please and thank you :wave:
Edit: I've moved some posts over, in case anyone is looking for them.
Capital's most environmentally-forward construction project, ever, is envisioned as "an iconic building for an iconic site."
53 meter tall, 155,000 square foot innovation centre proposed as landmark for Victoria's south downtown.
City of Victoria, TELUS & Aryze Developments reveal plans for office tower on Apex Site at Douglas and Humboldt streets
TELUS Ocean will be an innovation hub and employment centre for 250 of the communication giant's employees.
National Car Rental unveils development plans for new rental lot as its Douglas and Humboldt streets site nears redevelopment by TELUS and Jawl Properties.
The Canadian communications giant and Victoria's most prolific office space developer have reportedly partnered to erect a tower at Douglas and Humboldt streets.
One of six bids submitted to redevelop the City-owned Apex Site has been revealed, although the alleged winner has not been formally named.
Seeking to expand its real-estate and marketing presence in western Canada, TELUS has embarked on a major development strategy that will eventually include Victoria.