Projects > Beacon Arms Rental Redevelopment
Victoria - Beacon Hill
Beacon Arms Rental Redevelopment
WE NEED YOUR SUPPORT for the redevelopment of the Beacon Arms apartments.
The demand for rental housing in Victoria has never been greater. Show Victoria’s City Council that you are passionate about creating more RENTAL housing by supporting the redevelopment of the Beacon Arms.
PLEASE SHOW YOUR SUPPORT!
Dear Mayor and Council,
Please accept this letter as an expression of my support for the Beacon Arms development proposal located at 505 Quadra Street.
YOU MAY BE ASKING YOURSELF...
1. WHO ARE YOU?
Surfside Holdings Ltd. is a 3rd generation, family business, which has owned the Beacon Arms since 1979. As proud and active members of the Greater Victoria community for over 40 years, we are pleased to announce plans to increase the rental housing in Victoria’s urban core.
Analogue Projects Ltd. is providing development management expertise to Surfside Holdings Ltd. for this proposal.
2. WHAT ARE YOU PROPOSING?
Located across from Beacon Hill Park, this proposal is to replace the 34-unit Beacon Arms apartments by combining it with the 3 surrounding houses in order to build a new, modern and energy-efficient rental apartment, increasing the supply of rental housing in Victoria’s Fairfield neighbourhood. The new building will consist of 83 rental apartments and 4 affordable rental townhomes. Our proposal fits within the current Official Community Plan and responds to the unique character of the neighbourhood.
3. WHAT ARE THE BENEFITS?
- Desperately needed increase in the rental supply by 2.5 times (+50 units)
- Increased housing diversity:
- Family-oriented housing – 3 Bedroom + Den Townhomes and large 2 Bedroom Garden Suites
- Aging-in-place options for seniors
- Rental options for local downsizers
- Amenities to match your urban lifestyle:
- Fully-underground parking where every unit gets a stall
- 50% of the units receive car share memberships included in their rent
- 128 secure bicycle stalls and a workshop
- Mobility scooter parking
- Community gardens
- High-quality and energy-efficient construction
4. WHY REBUILD, NOT RENOVATE?
The Beacon Arms was constructed in 1965 and is now approaching the end of its useful life. The building is experiencing significant issues, such as a failing foundation, aging plumbing, sagging windows, exterior siding that is separating from the structure, etc.
We cannot make structural enhancements and building code upgrades without disturbing the building’s envelope and its mechanical/electrical systems. The costs to renovate would be extremely large and, with no net increase in rental units, would not be economically feasible.
5. WHAT'S GOING TO HAPPEN TO THE TENANTS?
We are supporting our tenants with a precedent-setting Tenant Relocation Assistance Plan that has been agreed to with the City. Rents have been frozen for the tenants since February 2017. In addition, they are being given the first opportunity to rent suites in our other buildings within the neighbourhood and they will receive financial compensation, extended notice periods, relocation assistance, and first-right-of-refusal over new units in the building.
6. WILL THERE BE AFFORDABLE OR SUBSIDISED UNITS?
YES. As a provider of affordable market rental housing for the past 40 years, we have seen all of the trends in the rental housing market. However, the one housing trend that continues to be ignored is the need for more affordable rental housing for families. This is were we can help.
It is with this mind, we are offering to rent all of our proposed 3-bedroom townhomes at a reduced rental rate indexed to 30% of the Moderate Household Income as defined by the City of Victoria’s Housing Strategy. This represents a potential savings for families of over $1,000 per month.
Keeping families living in the city and providing them with affordable options is critically important in maintaining our social diversity. We are very proud to present this offering as it builds upon our continued legacy of providing affordable rental housing in the City of Victoria.
7. WHAT IS THE ALTERNATIVE?
If this proposal is unsuccessful, the alternative is to build a 4-storey project under the existing zoning. Current construction costs make a rental building uneconomical; however, a condominium building is a viable alternative.
Help us by filling out the form above to bring much needed rental housing to Victoria.