Janion Hotel project on track for summer
Dec 04 2012
The former Janion Hotel has been sold to a Vancouver developer.Photograph by: Lyle Stafford , Times Colonist
The owner of the Janion Hotel building has submitted a development permit application to the city of Victoria with the goal of starting construction next year.
If all goes smoothly, small condominium units would be pre-sold in the spring and building would start in the summer. The construction period would take 18 to 20 months, Jon Stovell, president of Vancouver's Reliance Properties, said Monday.
The project includes an addition featuring a contemporary design, running west along Johnson Street. Slightly more than 100 micro-suites would be built in total, Stovell said. The small condos would range in size from 253 square feet to 717 square feet, with the median at 368 square feet, the application states.
Reliance has built these types of units before. The company received the Best Affordable Housing award this year from the Urban Development Institute for its Burns Block micro-loft project in Vancouver.
The company bought the 1891-built Janion, unused for 30 years, in June. It also purchased Transport Canada land directly behind, creating a site 59 feet wide by 302 feet long.
The starting price for condos likely will be between $110,000 and $115,000, Stovell said. More than half the units will be less than $150,000.
Despite a slower real estate market, Stovell said "at this price point, we think there is a lot of demand."
Amenities include a rooftop garden terrace, social meeting room, meeting room, gym, workshop and an outdoor terrace overlooking the water.
Some parking will be available on site. Space will be allotted for car-share vehicles, Stovell said.
A combined heritage alteration and development permit application went to the city on Nov. 30. Reliance is asking for variances allowing for residential use below the second floor, height and rear yard setback.