Yello is Chard Development's first purpose-built rental residential project in Victoria and the company's largest residential development undertaking to-date.
Note: this property was originally rezoned for two towers of 17 and 11 floors by Dubai-based Emaar Properties, developers of the World's Tallest Building, the Burj Khalifa in Dubai. Chard purchased the property in 2011.
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6,600 square feet of ground floor commercial space across two units will front onto Yates Street.
I'll always wonder about the circumstances surrounding why and how in 2008 a luxury real estate company from the UAE found this property and thought it would be the latest jewel in its portfolio.
Somebody should have told them Blanshard and View isn't exactly Fifth Avenue luxury. Anyway, I'm glad Chard eventually got it and actually built something.
While Capitol 6 doesn't get redeveloped it's nice to have Yello be a standout from street level
Approximately 1,500-units of condominiums and purpose-built rental apartments will receive occupancy status over the next two years.
The 209-unit highrise spanning the 800-blocks of Yates and View streets is scheduled for completion by early next year.
Chard Development is readying for the launch of the company's largest Victoria project to-date while its Escher condo project is one unit away from sold-out status.
15-storey rental tower is the latest rental development to proceed in downtown Victoria as developers race to supply demand.