University Heights, building A is an nine-storey mixed-use residential, retail and office building at Cedar Hill Road and McKenzie Avenue in Saanich. The building will replace the main retail complex of University Heights Shopping Centre, an adjacent bank branch and a restaurant along McKenzie Avenue.
Please note: residential unit figures, commercial space and other data is likely to change as the proposal makes its way through the municipal approvals process. Residential unit data for this building is estimated at this time.
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I think AsE is making a reference to the trend of redeveloping older shopping centres with a residential component. So far this hasn't happened anywhere in the CRD. Even Uptown hasn't managed to get any residences built.
Tuscany Village, Belmont Market and Mattick’s Farm come to mind as shopping centres with residential, although none redeveloped older shopping centres.
Yes exactly this, thanks NP.
Malls here are still way too auto-centric and devote too much space to 'asphalt'. Both Hillside and Mayfair were recently developed and could have and should have IMO incorporated some component of "residential". Or at the very least in all their public marketing material given some indication their thinking on the topic has moved beyond 1958.
Mayfair especially was a huge disappointment IMO: $80 million for...what...exactly? Take out the public furniture put down some hardwood lanes and essentially you have a great long bowling alley....
I love reading the anti-Uptown comments of FB from 'old time' Victorians who pine for the old Woolco Center. Are you kidding me? That POS was a crap mall even 35-40 years ago: basically a stand alone video store with a more centrally located strip-box surrounded by literally acres of concrete. The only thing that anyone should truly miss as a result of the demise of that sad old complex was....the bowling alley.
agree. but there is something about nostalgia i think. old stuff from youth always seems like it was cooler than it probably was by today's standards.
Whoda thunk it? Apparently you can't tax your way to affordable housing.
University Heights redevelopment on hold as owner crunches costs
...Facing increased development cost charges imposed by Saanich, a rich community amenity package and the desire to have some affordable housing options on site, Vancouver-based Wesbild is tweaking its project and crunching numbers to see if there’s a way to make the mixed-use development financially viable...When you keep layering on costs, when do you say ‘uncle?’ ” asked Steve Forrest, Wesbild’s senior vice-president of real estate...
^its not just government charges, construction costs continue to rise while prices are flat or falling. retail as well has not been doing well
A large-scale mixed-use modernization of a Saanich shopping plaza on McKenzie Avenue at Shelbourne Street is on the back burner.
Over 350 residences and some 180,000 square feet of commercial space are planned to modernize the aging Saanich shopping complex.
Over 350 residences and nearly 200,000 square feet of commercial space will transform a significant portion of the Saanich mall.