The Aranza is a five-storey, mixed-use affordable housing development in the downtown area of Sidney, a municipality in Victoria's Peninsula region.
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Just over 10,000 square feet of ground floor commercial space fronts onto Fourth Street.
56-units of affordable workforce housing approved for downtown Sidney
Sidney council has approved the Greater Victoria Rental Development Society's plans for a 56-unit affordable housing development with ground floor commercial space.
Situated at 9818 Fourth Street in downtown Sidney, the five-storey mixed-use project will provide much-needed workforce rental housing in a market constrained by high vacancy rates and low supply, particularly on the Saanich Peninsula. [Full article]
Oh, looks like it.
The TC article really messed up the unit count. And I see other sources copied the TC with the same glaring mistake. Oops.
a market constrained by high vacancy rates and low supply, particularly on the Saanich Peninsula.
High vacancy rates and low supply???
A five-storey mixed-use rental and ground floor commercial development is coming to Fourth Street near Beacon Avenue in Sidney.