The Ledcor Group is in the process of finalizing the purchase of a portion of the former Belmont Secondary school site in Langford with the intention of constructing a 24-acre, 440-unit multi-phase development.
Once the sale, which has been in the works for the past year, is finalized, Ledcor will own the property on the south side of the newly constructed Division Avenue. This portion of the site is also bordered by the Galloping Goose Trail and the Sooke School District offices.
RELATED: Portion of Jacklin Road to close in Langford starting Feb. 13
Representatives from Ledcor, the City of Langford and the West Shore were at the site Thursday morning to break ground and unveil plans for the new Belmont Residences.
B次元官网网址淲e are developing in areas across North America and I can tell you, we wish everybody had this great, enthusiastic attitude towards developers and finding homes. We have a problem B次元官网网址� we need more homes,B次元官网网址� said Bill Fox, president of Ledcor Properties Inc. B次元官网网址淟edcor Properties is here for the long run.B次元官网网址�
Langford Mayor Stew Young noted itB次元官网网址檚 a $200 million project, making it the largest project going on in Langford right now.
B次元官网网址淚tB次元官网网址檚 a big project and weB次元官网网址檙e really excited about it. ItB次元官网网址檚 a great location, right in the heart of Langford,B次元官网网址� he said, adding its walking distance to three lakes.
READ MORE: Belmont Market plans taking shape
The site, formerly home to the old Belmont secondary school, was purchased by Sobeys Inc. in 2014 for $23.25 million.
Sobeys also acquired a lot at the corner of Jacklin Road and Jenkins Avenue that was not owned by the School District to form the 24-acre site. Part of the rezoning process involved in those sales required the construction of Division Avenue, which, along with a sales centre that is underway, is the only construction work that has been done on the site to this date.
Crombie REIT has taken over the commercial development that was proposed for the rest of the site from Sobeys.
Back in May 2016, Sobeys applied for a development permit from the City of Langford for its Belmont Market proposal. As of last week, no building permits had been issued for the site, other than one recently issued to begin construction on the foundation of an apartment building. The permits to finish that one building are expected to be issued in the coming days.
Ledcor is expected to begin work this month on an 156-unit apartment project that will include commercial space on the lower floor in partnership with Crombie.
As for the section of the site south of Division Avenue, Ledcor envisions condo buildings with plans to start on the first 80-unit building this summer.
B次元官网网址淲eB次元官网网址檙e just going to make our way down the site,B次元官网网址� said Scott Morrissey, Ledcor Properties director of construction. B次元官网网址淚tB次元官网网址檚 all based on density and how quickly we can build and sell.B次元官网网址�
LedcorB次元官网网址檚 portion of the site will include six or seven phases and is estimated to take five to seven years to fully build out, Morrissey added.
Once the earlier phases are complete, Ledcor intends to build townhomes that back onto the proposed commercial complex, which would include Thrifty Foods as the anchor tenant.
READ MORE: Potential list of Belmont Market tenants released
Marcela Corzo, Ledcor Properties director of development, said the project is where the B次元官网网址渃onvenience of the market meets the Galloping Goose and nature B次元官网网址� A place for neighbours to come together and for the community to interact with shops across the street.B次元官网网址�
But one of the most important features is the walk-ability and bicycle-focused design of the project. B次元官网网址淲eB次元官网网址檙e going to create buildings with bikes as amenities, not just bike racks,B次元官网网址� she explained.
She added the residential development will feature a number of amenities including bike washing stations and secure storage, as well as storage options for kayaks, thoughtfully planned connections to the Galloping Goose Trail and more.
B次元官网网址淭he focus is on creating a community,B次元官网网址� she said.
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