Commercial Real Estate: ‘There are cranes everywhere’ as downtown Victoria experiences building boom

August 23, 2017 12:37 pm

the vancouver sun

A new wave of residential and commercial towers is going up in downtown Victoria that is reminiscent of Vancouver’s downtown revival in the early 1990s.

“There are cranes everywhere,” said Kathy Hogan, the vice-chair of the Downtown Victoria Business Association.

Hogan, who also heads the Urban Development Institute for the capital region, said Victoria feels like downtown Vancouver did in the early ’90s when a large number of residential towers started to sprout.

“That’s exactly what’s happening in Victoria right now,” she told Postmedia in an interview. “An influx of residential (development) in the downtown, which is in turn changing the retail that’s in the downtown.”

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