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1088 Johnson is a proposal for a 10-storey purpose-built rental building with ground floor commercial space in downtown Victoria.
The building will share an underground parking area with an adjacent 13-storey rental tower along Pandora Avenue at Cook Street.
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A ground floor commercial unit will front onto Johnson Street.
I would imagine the hydro bills stem from in-suite hot water tanks. They’re expensive, but it’s either that, or a higher monthly rent for “free” hot water.
The outdoor walkways are intended to keep rental rates lower by not having to be heated as they would be in any other design, thereby making maintenance costs lower, and that would trickle down to rental rate competitiveness.
There’s always two sides to every coin, for sure.
I recall checking out this building when I moved to town two years ago, and their pricing was definitively on the high end before accounting for all other bills. So if the building's design and the lack of hot water tanks were meant to make rents more competitive, I don't think that was quite reflected on the ask. They are very permissive on pets though, so maybe that's their calling card.
I would imagine the hydro bills stem from in-suite hot water tanks. They’re expensive, but it’s either that, or a higher monthly rent for “free” hot water.
The outdoor walkways are intended to keep rental rates lower by not having to be heated as they would be in any other design, thereby making maintenance costs lower, and that would trickle down to rental rate competitiveness.
There’s always two sides to every coin, for sure.
Expect what they haven't told you is they have recently leased the commercial space below to a daycare and given away all of the common areas to the daycare. So now tenants are just paying super high rent to have children screaming and no common areas to enjoy.
The laughs and cries of children playing is the source of a dispute between tenants of a downtown rental building and their landlord.
Some tenants of a 134-unit purpose-built rental building on the corner of Cook Street and Pandora Avenue are upset that a new daycare, set to open next month, will take over some of their common space during weekdays and are worried about the noise of children playing on playgrounds. The landlord says the daycare is part of his goal of creating a family-friendly rental building in a city where new child-care spaces are desperately needed.
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Real-estate development Q&A with developer Dan Cox of Cox Developments
Real-estate development Q&A with developer Dan Cox of Cox Developments
With two major projects completed, one under construction and one planned, Dan Cox talk development in downtown Victoria.
134-units of purpose-built rentals coming soon to downtown Victoria's squeezed housing market
Cox Development's V1488 project will add studio, one-bedroom and two-bedroom inventory to Harris Green's tight rental pool.
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