Pearson says the company had to get “creative” and ended up bringing some tradespeople from Vancouver.
The architectural firm is also from the mainland. The Hulbert Group, based in West Vancouver, is the same company that designed Predator Ridge in Kelowna, B.C., Three Sisters in Canmore, and several resorts in the U.S. and Australia.
Part of is challenge was to design a building that would fit esthetically with the surrounding neighbourhood, but not look dated.
Parkside has a coveted location in old Victoria, just up the road from St. Anne’s Academy — a national historic site with gardens and green space — and kitty-corner to Church of our Lord, one of the oldest churches in the city.
It’s also close to Beacon Hill Park, an area equivalent to Vancouver’s Stanley Park.
“Parkside extends and culminates that open space system from the waterfront to the centre of our site, creating a ‘story’ that suggests that our central garden was always present,” says lead architect Richard Hulbert — referring to the three-storey glass atrium that’s filled with tropical plants from the one-time Crystal Gardens.
“At the same time, our two mid-rise towers ultimately frame and celebrate the ‘found’ gardens within a modern atrium,” says Hulbert.
Parkside Victoria has 126 units, which are predominantly one-bedroom, with 14 consisting of two-bedroom suites. Quarter-shares range from $149,900 to $279,900.
Compared to other new con- dominiums for sale in Victoria, the prices at Parkside Green are significantly higher.
For instance, you can buy — and fully own — a one-bedroom at Bayview Residences for $380,000 or at The Falls for $419,000.
Owning a one-bedroom condo at Parkside would cost at least $600,000.
However, as the “condo comparison” on the company’s blog shows,
Parkside offers more amenities than most, including an Olympic-sized indoor swimming pool and hot tub, an on-site spa, a private 29seat movie theatre, a rooftop garden and a chic penthouse lounge.
Monthly fees in Parkside Green are about $350. It includes a typical strata or condo fee and a homeowner’s fee, which covers expenses such as furniture replacement, laundry, cable and hydro.
Quarter-share owners have “their” unit for a minimum of 12 weeks a year, including one month of primetime in the summer.
The bonus with having a fractional property is that you can rent out your portion if you’re not using it.
Parkside pays owners 65 per cent of the rental revenue, which Pearson says is higher than the usual 50/50 split, but that’s because owners have other maintenance fees.
Pre-sales began in late 2004 and to date, about 300 quarter shares have been sold to about 250 owners, almost half of them from Alberta.
CENTRE OF VICTORIA