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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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This is interesting. Telus is getting into the residential development industry on Vancouver Island with a project planned for downtown Nanaimo: https://omicronaec.com/project/telus-living-nanaimo/
Maybe they are doing the math and figuring that expensive office space isn't going to sell.
Maybe they are doing the math and figuring that expensive office space isn't going to sell.
It's not their first residential venture, just the first on the island. Their new offices in Calgary and Vancouver both have significant residential components.
Telus Gardens in DT Vancouver is very snazzy. Also was the site of an illegal clubhouse earlier in the year :lol:
https://globalnews.ca/news/7610670/vancouver-police-detained-telus-gardens/
Vancouver police say they have issued more than $17,000 in fines and arrested a 42-year-old man at a condo penthouse allegedly operating a “makeshift nightclub” in violation of COVID-19 public health orders.
Court records show Mohammad Movassaghi has been charged with two counts of failure to comply with an order of a health officer.
Global News cameras captured a heavy police presence and several people being escorted in handcuffs from 777 Richards St. early Sunday morning.
^He should have installed Telus SmartHome Security in order to get a heads up when the fuzz calls.
Plans for downtown Victoria's $100 million Telus Ocean tower tweaked as approvals process continues
Capital's most environmentally-forward construction project, ever, is envisioned as "an iconic building for an iconic site."
10-storey TELUS Ocean concept revealed as "alluring lantern" for Douglas at Humboldt
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.
Downtown car rental agencies on the move as secretive 'Apex Site' development plans crystallize
National Car Rental unveils development plans for new rental lot as its Douglas and Humboldt streets site nears redevelopment by TELUS and Jawl Properties.
Telecom giant TELUS, Jawl Properties to partner on upcoming Douglas Street tower
The Canadian communications giant and Victoria's most prolific office space developer have reportedly partnered to erect a tower at Douglas and Humboldt streets.
Design comp for property next to Crystal Gardens draws six entrants; City mum on alleged winner
One of six bids submitted to redevelop the City-owned Apex Site has been revealed, although the alleged winner has not been formally named.
TELUS looks to downtown Victoria for new office complex
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.
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