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Housing, plaza, offices planned for White Spot site on Douglas

“We see it as an opportunity to continue our investments in downtown Victoria,” Chard said.
“It would be our intent to redevelop it and create a diversity of housing and employment opportunities.”
The official community plan includes a target for a “quite a large plaza for the site, which we are looking to incorporate into our design,” Chard said.
He envisions a mixture of employment from retail to offices and other opportunities, but is not being more specific.
Chard Development is in discussions with several groups around what is needed in that part of town, he said.
The pending sale comes as the White Spot at 710 Caledonia Ave. closed permanently after about 50 years in that location. ....

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Industrial condo space sprouts in Victoria

The Globe and Mail
Nancy Lanthier
Published April 27, 2021
Handout
With a temperate ocean climate, gardens and heritage architecture, Victoria is often considered one of the most appealing cities in Canada. But it is also one of the most expensive places for businesses to lease workspace.
Victoria’s 0.7-per-cent vacancy rate for industrial space is the lowest in North America, and its lease rates are the highest in Canada, according to the latest data from CBRE, a leading commercial real estate services firm.
Entrepreneurs who do manage to find scarce industrial space will pay rent that has risen 15 per cent in the past year to $16.50 a square foot – higher than Vancouver’s average, at $14.55 a square foot, and Toronto’s, at $10.25 a square foot. ....

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