LIVING IN THE HEART OF VIBRANT VICTORIA
The Yates on Yates within walking distance of work, night out
As part of its ongoing commitment to contribute to the revitalization of downtown Victoria, Chard Development is adding its ninth residential mixed-use project to the capital city with The Yates on Yates, a 20-storey tower.
“We have been very strong on a more vibrant downtown Victoria. Residents in Chard developments have helped keep restaurants, shops and services more vital,” says the developer’s president and CEO David Chard. “By bringing in these new residents, it’s really helped to make a more vibrant and sustainable city.”
The Yates, like many of Chard’s other developments in Victoria, will be built on the site of a parking lot. Chard says about 15 years ago, he understood the City of Victoria wanted to see fewer surface parking lots and more residents living in the downtown.
“That’s what we’ve done, purchased parking lots and developed a multitude of mid-rise, mixed-use projects,” he says.
The Yates has 116 residential units, including studio, one-, two- and three-bedroom options and street-level spaces for shops and services. The building will include three levels of parking below grade, including 65 spaces for commercial parking.
“One of the things we’ve seen as we’ve developed on these parking lots is the need for additional commercial parking to keep the retailers and restaurants vital,” Chard says.
While there will be views from the upper floors, he notes the major benefit of the location is the proximity to downtown Victoria.
“Downtown Victoria is quite compact. If you work downtown, you’re going to walk to work whether you’re in the high-tech sector, service industry or working for the government,” he says.
By bringing in these new residents, it’s really helped to make a more vibrant and sustainable city.