Pacifica Housing will be overseeing a massive new development that got a green light from Victoria council Thursday night.
The project will be built between Johnson and Yates streets on Cook Street where the Pacific Mazda and a parking lot currently sit.
The development will include four buildings at heights ranging between 12 and 17 storeys, with 130 affordable housing units. There will also a new No. 1 Fire Hall.
“This is the best part of the story; we dont’ know precisely when groundbreaking will be because we’re not building the fire hall,” Victoria Mayor Lisa Helps said.
“Unlike the Johnson Street Bride when we took on a giant capital project with very limited experience, we’ve contracted with a developer. They will build the firehall and when it’s finished, we’ll take the keys and pay them the money.”
The entire project could see up to 400 units built. Helps says the first phase and the new fire hall will likely take three years to build. The old No.1 Fire Hall on Yates Street will likely be decommissioned. Victoria City Council would then decide what to do with the land.