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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.
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.
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.
Now renting: 134 condo-quality apartments hit the market with completion of Cook Street tower
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.
Downtown Victoria's housing inventory to skyrocket by 1,500-units between 2018 and 2019
Approximately 1,500-units of condominiums and purpose-built rental apartments will receive occupancy status over the next two years.
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.
February public hearing planned for 205 unit Johnson Street condo development
Cox Developments goes before council next month in hopes of securing approvals for its mixed-use Harris Green towers.
Cox Developments starts excavation for rental tower, receives support for nearby condo towers
133 units of rental housing coming to Pandora at Cook with 205 condos planned one block away.
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