Window of opportunities
B.C. resort gets string of good luck
Vancouver Island developer Dan Behune seems to be one savvy guy — or maybe he’s just lucky. Consider, first, that he was able to find for sale a westfacing oceanfront property on the Saanich Peninsula with a pub licence and commercial zoning in place when he went looking to build a new hotel back in 2001.
Any one of those elements is desirable; to find all of them is almost impossible.
Consider, next, that while Behune was constructing what would become the awardwinning Brentwood Bay Lodge and Spa, the B.C. government allowed pub owners to open private liquor stores.
Bingo! Another window of opportunity, albeit a short one — about four months — but one Behune gladly seized: to open a store in Brentwood Bay featuring local wines.
Next, picture this: just as his lodge was establishing its reputation as a luxurious retreat, the property next door became available.
Since Behune and his two partners already had a marina out front, it was the perfect place to build some condominiums and expand their holdings.
It was 2008 when they got down to business. The construction market was still hot, but a recession was just around the corner.
If you’re thinking that Behune’s good fortune might have ended then, think again.
Instead of pushing ahead with the project when construction costs were at their peak, and then suffering the downturn in the market, Behune backed off and sat tight.
Then, last September, when construction companies were again hungry for work, he broke ground.
The view of the ocean from the huge windows in a condo under construction in the OceanVillas at Brentwood Bay Resort.