V1488 is a 13-storey purpose-built rental tower with ground floor commercial space in downtown Victoria's Harris Green district.
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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.
Real-estate development Q&A with developer Dan Cox of Cox Developments
Any updates on the "1088 Johnson" portion of this project?
Another update: BP is still in progress, but the development permit was re-issued by Council in October last year (DPs lapse after 2 years, and this one was originally issued in 2017). Hopefully they don't need a second extension!
According to a letter to Council from Cox, engineering concerns prevented them from building both developments at the same time.
For those interested, the drawings are all online here: https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=59327
Save-On-Foods, 600 upcoming residences set new course for North Park's and Harris Green's Pandora Avenue
Downtown Victoria's Pandora Avenue corridor is slated for big changes as developers focus in along the under-developed thoroughfare.
A 134-unit purpose-built rental tower on Cook Street at Pandora Avenue under since 2015 has received its occupancy status from the City of Victoria.
Approximately 1,500-units of condominiums and purpose-built rental apartments will receive occupancy status over the next two years.
Cox Development's V1488 project will add studio, one-bedroom and two-bedroom inventory to Harris Green's tight rental pool.
Cox Developments goes before council next month in hopes of securing approvals for its mixed-use Harris Green towers.