Townline Homes has been issued a development permit for its final phase at the Hudson District in downtown Victoria.
Hudson Place Two
The final phase of the Hudson District, a mixed-use commercial and residential tower offering 15,000 sf of retail space along Herald, Blanshard and Fisgard Street
The residential portion of the building will contain 245 residential units with a diverse mix of unit types and sizes including studio, one-bedroom and two-bedroom suites. The style and character of this building will continue to attract a range of professional singles, couples, and families.
Townline has secured a partnership with CMHC through the CMHC Rental Construction Financing Initiative to fund the project as a rental building. This would secure a minimum of 20% of the units as Affordable Rental units for a term of 16 years. This means 49 units would be provided at a rate of 10% below market as per CMHC funding requirements.
|Site Area||27,521 sqft|
|Density||185,717 sqft (7.43FSR)|
|Height||71.73 metres / 23 storeys|
|Parking||170 residential, 25 visitor, 113 commercial|
|Amenity||Rooftop dog run, playground, service laneway|
History of Hudson District
In 2004 Townline acquired the large downtown site once home to Hudson Bay department store. To date, Townline has completed a number of milestones of this multi-phased project. This includes the renovation of The Hudson in 2010 with 152 market condos and the completion of three purpose-built rental buildings since 2014, bringing a total of 404 market rentals to Downtown Victoria. Most recently, the Vancouver based company started construction of Hudson Place One- 176 market condo units – and is on track for completion and occupancy this summer.