A digital rendering of what the Harris Green Development could look like. (File contributed/ IBI group for Starlight Developments)

Up to 1,500 new rental units proposed for Victoria

More than a million square feet of rental units proposed for downtown Yates Street development

A Toronto-based developer has proposed a massive downtown Victoria mixed-use development that would see more than 1 million square feet of residential rental space included.

Over several years, Starlight Developments bought out the properties at the 900 and 1000 block of Yates Street, currently occupied by the Harris Green Plaza, home to community staples such as the Market on Yates, London Drugs, Bin 4 Burger Lounge and more. In the near future, however, the block will be home to much more.

Now, three new buildings are proposed for the area, as well as an intermittent green space.

ALSO READ: A Toronto developer looks to develop two blocks in downtown Victoria

The building at 1045 Yates St., currently occupied by the Harris Victoria Chrysler Dodge Jeep Ram car lot, would host a 17-storey building, with a 15-storey podium. Two buildings would be stationed at the 900 Yates St. address, presently where London Drugs is, with 25 and 22 storeys and a 19-storey podium.

Within those buildings would be 1.28 million sq. ft. of residential space, equating between 1,200-1,500 units.

“The residential units will be 100 per cent rentals,” said said Mark Chemij, senior development manager at Starlight Developments. “In Victoria the vacancy rate sits around one per cent, while a healthy market is typically between three and five per cent… We’re hoping to provide a valuable supply of purpose-built rentals to the market.”

Chemij said at this point they had not determined a target demographic for the units, but that they would vary in design from studio suites all the way up to three-bedroom units.

ALSO READ: City of Victoria considers proposed senior rental development

On the ground floor there would be 100,000 sq. ft. of retail space available, though it’s too early to say who will be there.

“It’s our hope that we can keep our tenants if they choose to stay,” he said.

Between the two properties there would be a half-acre green space which would act as a village plaza.

On Tuesday Starlight presented its early ideas to the public in a Community Association Land Use Committee Meeting, an event which Chemij said went well.

“We’re pretty excited to present our initial concepts to the public,” he said. “We’re quite encouraged by what we heard and look forward to working with the city and the community.”

Starlight will put forward a development permit and a rezoning permit application to the City of Victoria in January.

nicole.crescenzi@vicnews.com

Like us on Facebook Send a Tweet to @NicoleCrescenzi
and follow us on Instagram

DevelopersdevelopmentHousingRental accommodationrental marketRentals

 

Artistic sketches show what the development at Harris Green could look like. (File contributed/ Hapa Collaborative for Starlight Developments)

Artistic sketches show what the development at Harris Green could look like. (File contributed/ Hapa Collaborative for Starlight Developments)

Just Posted

Members of the Sipekne’katik First Nation load lobster traps on the wharf in Saulnierville, N.S., after launching its own self-regulated fishery on Thursday, Sept. 17, 2020. THE CANADIAN PRESS/Andrew Vaughan
Vancouver Island First Nations back Nova Scotia’s Indigenous lobster fishermen

Nuu-chah-nulth Tribal Council calls for action before lives are lost

Sails down, masks up for Ron and Sherry Pryde, who completed a 119 day journey that was supposed to be 70 days. (Zoe Ducklow)
Coast Guard towed rudderless sailors to Port Hardy hours before a powerful storm

Rudderless for a month, the couple zigzagged most the way home with “a few donuts and lazy-eights”

Police in Nanaimo are looking for a woman who allegedly threw hot coffee on a McDonald’s employee. (News Bulletin photo)
UPDATE: Nanaimo RCMP still looking for woman who threw coffee at worker after already receiving refund

Police asking for information in investigation that could lead to assault charges

The Skeena Queen, serving the Swartz Bay-Fulford Harbour route has been out of action since early Wednesday morning, forcing BC Ferries to cancel eight sailings connecting the Saanich Peninsula and Salt Spring Island. It is not clear when service will resume. (Don Descoteau/News Staff)
UPDATED: BC Ferries cancels additional sailings to Salt Spring Island

With repairs to Skeena Queen underway, it is not clear when service will resume

The First Nations language pole project, underway in Port Alberni, has been stalled due to lack of funding. Artist Tim Paul can occasionally be seen working on the project behind a fence at the Maritime Discovery Centre. (JERRY FEVENS PHOTO/ Special to the News)
Port Alberni’s First Nations language pole suffers another setback

First Nations Education Foundation still looking for funding for a final push

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

BC Greens leader Sonia Furstenau says British Columbians face a choice between “false majority government” and a “more cooperative, collaborative” form of governance during a campaign stop in Saanich North and the Islands Monday (Wolf Depner/News Staff)
BC Greens leader makes pitch for minority government

Sonia Furstenau calls on British Columbians to reject ‘false majority government’

The Saanich Teachers’ Association is calling on the local provincial election candidates from all parties to commit to making schools healthier and safer for all. (Black Press Media file photo)
Saanich teachers call on election candidates for improved health, safety in schools

Increased funding, reduced class sizes among required changes, says association president

Skiers line up to start the Royal LePage Comox Valley Snow to Surf Adventure Relay Race. Photo by Tim Penney
Popular Comox Valley adventure race cancelled for 2021

COVID forces Comox Valley Royal LePage Snow to Surf Adventure Relay Race cancellation again

Chris Istace campaigning in Crofton. (Photo submitted)
Green Party’s Istace apologizes for remark about First Nations gaming grants being a ‘handout’

Island candidate determined to do better in thinking and communicating matters of reconciliation

Rio Tinto Alcan’s aluminum smelter at Kitimat competes against producers in the Middle East and Russia that have no carbon tax. (Rio Tinto)
B.C. carbon tax highest in Canada, export industries unprotected

B.C. NDP, B.C. Liberals say they’re looking at exemptions

(Pixabay)
Vancouver teacher suspended after swearing, touching students and complimenting underwear

McCabe touched students, including rubbing their backs and necks, touching their hair and hugging them

Victoria police ticketed and impounded the vehicles of two drivers after they were caught speeding through a school zone. (Black Press Media file photo)
Two drivers caught doing nearly triple the speed limit in Victoria school zone

Almost $1,000 in fines, vehicle impounded for each motorist

Most Read