Eight hectares of unused industrial land in Victoria’s Vic West neighbourhood is ready to be transformed into 1,900 units of housing.
The $2 billion project, being dubbed the Roundhouse at Bayview Place, is being touted as one of the biggest development projects in Victoria’s history.
The development has been stalled for years – but late last week, on May 4 – Victoria city council pushed the project on to the next phase. The massive build will include purpose-built rentals, hotels and condo towers. It will also have commercial retail space and public amenities, like a market, in the historic railway buildings.
One of the towers will be for supportive housing, and $15-million worth of land will be given to a not-for-profit. "That housing provider will work with BC Housing and the CMHC [Canada Mortgage and Housing Corporation] to build a tower of affordable units operated by a not-for-profit," explained Victoria councillor Matt Dell."This is a massive opportunity for the City of Victoria," he said. "It’s basically a 20-acre site, with one of the most important industrial lands.
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