Lo­cal Work set to be­gin on condo project

The Prince George Citizen - - FRONT PAGE - Cit­i­zen staff

Con­struc­tion crews have started work on a new, nine-unit condo de­vel­op­ment at 1694 Sev­enth Av­enue down­town, bring­ing more multi-fam­ily hous­ing to the city cen­tre.

The project is the lat­est to be el­i­gi­ble for the city’s multi-fam­ily hous­ing In­cen­tives pro­gram, which pro­vides fi­nan­cial in­cen­tives for de­vel­op­ments that bring hous­ing and re­vi­tal­iza­tion to the city cen­tre.

Three projects have al­ready ben­e­fit­ted from this pro­gram, which is a part­ner­ship be­tween the city and North­ern De­vel­op­ment Ini­tia­tive Trust: town­homes at 192-198 Vic­to­ria St.; Cres­cent Town­homes at 1699-7th Ave.; and Ketso Yoh at 140 Que­bec St.

“Coun­cil places a high pri­or­ity on down­town re­vi­tal­iza­tion,” Mayor Lyn Hall said.

“The city’s part­ner­ship with North­ern De­vel­op­ment has pro­duced a very com­pet­i­tive and com­pre­hen­sive in­cen­tive pack­age and it’s great now to see an­other multi-unit hous­ing de­vel­op­ment un­der con­struc­tion down­town.”

The city pro­vides a va­ri­ety of in­cen­tives re­lat­ing to the down­town to en­cour­age façade im­prove­ments and to in­crease hous­ing, and has a tax abate­ment pro­gram for new con­struc­tion and ma­jor ren­o­va­tions.

“North­ern De­vel­op­ment is pleased to be sup­port­ing the City of Prince Ge­orge in their ef­forts to at­tract hous­ing de­vel­op­ments to the down­town area,” NDIT CEO Joel McKay said. “The con­struc­tion of these units is yet an­other demon­stra­tion of the suc­cess of our part­ner­ship and di­verse in­cen­tive pro­grams.”

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