Construction has started on a new apartment complex at 1025 Ryan Rd. in Courtenay.
Located beside the Washington Inn Apartments, the five-storey building will contain 118 rental units.
The suites will be a mix of micro units (less than 29 square metres), studios, one-bedroom and two-bedrooms suites.
Veyron Properties Group will cap the rental rates for eight units at $812.50 per month. The company will also offer a six-month pre-paid bus pass to the first occupants of the eight units.
The building will include a gym, co-working space, rooftop patio with adjoining indoor community lounge, bike storage and storage lockers.
Veyron president Brett Giese expects construction will be complete late next year.