A proposed development that would see two rental towers constructed near downtown Victoria is almost through the gate, but conditions placed on the project by city council have generated questions about its future.
The proposed development in Victoria's Harris Green neighbourhood would include more than 1,500 rental units.
In February, city council put in a last-minute request to developer Starlight Investments to tweak its"Harris Green Village" project. "They’re also going to add way more spaces for car share, for bike parking, for bike maintenance," he said."The fundamental part of all this is the parking ratios," said Mike Kozakowski, founder of real estate website Citified.
For parts of the project, council wants no more than 0.34 stalls per rental unit, which Starlight says is well below demand."We had made specific requests around a parking ratio, and what the developer said is 'We will build the parking in phases two and three based on whatever the regulations are at the time,' when they seek their building permit," said Caradonna.
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