Formwell breaks ground on ‘forestside’ Woodrow townhomes in South Langford
Formwell Homes has broken ground on Woodrow (see website; see Citified profile), the Victoria-based development company’s newest townhouse project. A groundbreaking event held earlier today marked Formwell’s entry onto the West Shore housing market, a celebration that included City of Langford Councillor Colby Harder, the project team, and future homeowners. Once complete, Woodrow will consist of […]
Former Douglas Street Ricky’s restaurant site to be redeveloped into furniture showroom
The location of a Ricky’s All Day Grill restaurant that burned down on Douglas Street at Burnside Road could be redeveloped into a multi-storey furniture showroom, according to plans filed with the City of Victoria. An early morning fire engulfed the property at 2900 Douglas Street in June of 2023, with police subsequently identifying the […]
179-unit Tresah condo tower in Victoria likely to complete as a rental due to rising costs, developer says
A 179-unit high-rise condominium underway in Victoria’s Burnside Gorge neighbourhood is looking at the option of transitioning to a purpose-built rental project, according to developer Mike Geric Construction. 12-storey Tresah West got underway in 2020 along the 600-block of Speed Avenue near Douglas Street, and despite COVID-19-related market conditions, pushed through to construction. Escalating costs, however, have necessitated […]
Hundreds of Millions of Commercial Real Estate Deals in Victoria despite Pandemic.
Despite the pandemic, there were dozens of major commercial real estate deals over the past year in Greater Victoria, worth hundreds of millions of dollars. Langford, Colwood and View Royal continued to be hotbeds for development, while the provincial government was a major buyer in its efforts to house the homeless and provide affordable housing, […]
Sooke, West Shore lead rise in 2021 real-estate value assessments.
2021 property valuations for south Island real-estate have been released by BC Assessment which appear to support homebuying trends observed throughout 2020. Although all thirteen municipalities within the Capital Regional District, the southern Cowichan Valley and the Juan de Fuca Electoral Area saw assessment increases as of July 1st, 2020 (reflected as the 2021 assessment), […]
29th Annual Commercial Building Awards Winners Presentation
