Realstar has submitted a comprehensive rezoning application to the Town of View Royal and looks forward to continued community and stakeholder engagement as the application advances through the approvals process. Realstar is committed to supporting the current residents of Christie Point throughout the development process. Realstar listened to key community concerns to integrate innovative strategies and to arrive at the proposed plan through an iterative process. Key changes to the plan include:
- Building heights are reduced from a maximum of 9-storeys to a maximum of 6-storeys, in shaped and stepped buildings.
- The number of units is reduced from 520, as originally planned, to 473.
- At 1.15 Floor Space Ratio (FSR) is reduced and the proposal is well below the maximum anticipated density of 1.5 FSR of the View Royal OCP.
Redevelopment of Christie Point Apartments offers a number of important community benefits:
- Increase in the number of purpose-built rental housing units in the Victoria region, with a range of suite sizes and rents
- Public access to enhanced landscaped site and trails
- Implementation of Green Shores environmental program as a pilot project on Portage Inlet demonstrating best practices in coastal community development
- LEED certification or equivalent for all new buildings
- $200,000 in Shoreline Drive improvements, including new sidewalk and street lights
- $500,000 for intersection at Shoreline and Island Hwy and re-laning
- Contribution of $1.0 million towards the Capital Regional District’s Regional Housing Trust Fund initiative of the Regional Housing Affordability Strategy
The proposal represents a $200 million development investment in View Royal, and the creation of 2,000 person-years of employment. Additional economic benefits include:
- Generation of $4.5 million in Development Charges to View Royal
- Generation of $1.6 million in Building Permit Fees to View Royal
- Creation of $1.8 million in annual property tax revenue for View Royal
Supporting current residents through the redevelopment process is a priority for Realstar. While the majority of residents will be required to relocate to accommodate the redevelopment, early engagement with the current residents of Christie Point helped to determine the terms of a relocation assistance package, as follows:
- Realstar will give residents a minimum of 6-months’ notice that they will have to move (exceeding the minimum 2-months’ notice required by the BC Residential Tenancy Act).
- In addition to payment of one months’ rent required by the BC RTA, Realstar will provide a moving allowance or moving services (including providing packing supplies (boxes, tape)) through a company contracted by Realstar.
- If residents have a physical disability and there are no able-bodied adults in the household, Realstar will provide assistance with packing.
- Realstar will pay for disconnecting and reconnecting cable, internet, telephone.
- Realstar will pay for mail forwarding for up to 6 months.
- Realstar will give Christie Point residents first right to rent apartments in the new development.
In addition, phased redevelopment may allow some residents who wish to stay through the construction the opportunity to move to an alternate unit within Christie Point before construction on any subsequent phase commences.