Andrew Rennison of Primex Investments said in total the project will deliver 151 new rental homes; 17,000 square feet of ground floor commercial space will remain in the heritage building.
Rennison said the project will start with structural and seismic upgrades to the building, which was built in 1912. “If all goes well, we expect to be welcoming residents sometime in 2023,” he said.
A development permit was issued by Victoria city council last August, and the proposal has the blessing of the Burnside Gorge Community Association, which said the redevelopment fits with local area plans for a large urban village and amenities at the Douglas-Hillside corner.