934 Balmoral Road and 1701 Quadra Street
Project Overview:
The Property Development Council of the United Church of Canada, in partnership with Aryze Developments, is proposing to create a new faith, arts, and culture space while redeveloping the surrounding land into a six-storey, mixed-use rental building. The proposal includes 129 rental homes (with 10% designated as affordable units) and ground-floor commercial space.
Project Update:
The Property Development Council of the United Church of Canada and Aryze Developments held a community information session on Monday, September 22, to provide an update on the project and answer questions from residents.
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Meeting notes can be found here.
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A summary letter outlining key feedback sent to Mayor and Council is available here.
The Advisory Design Panel meeting was held on October 8th, and the City of Victoria provided revisions to the applicant on October 17th for their review and response.
Update: After further discussion with the City, it was clarified that Aryze Developments has not signed, and does not plan to sign, a Housing Agreement to guarantee that 10% of the units will be affordable.
Without a signed Housing Agreement, the NPNA retracts our previous comments commending the application for including this commitment, as it would not be guaranteed and could be removed from the project due to financial pressures if not secured through a formal agreement.
We sincerely hope that the 10% affordable units can be guaranteed through a signed Housing Agreement so this commitment becomes an assured component of the application.