1. 945 Reunion Ave., Langford Price: $60 million Improvements: 156 unit multi-family apartment building Vendor: Ledcor Property Investments, Vancouver Purchaser: Killam Apartment REIT, Halifax The Crossing At Belmont is the rental component of Belmont Market, a 160,000-square-foot outdoor shopping centre with anchor Thrifty Foods. The rental units have condo-like amenities and there is a rent-to-own program for tenants to save down payments to purchase across the street at the Belmont Residences strata building. 2. 2861 Craigowan Rd., View Royal Price: $54 million Improvements: 161 units Purchaser: Killam REIT, Halifax The Christie Point Apartments is a unique property on its own peninsula in Portage Inlet The waterfront property has a variety of low-density buildings originally constructed in the 1960s. Improvements call for five two-storey apartment buildings and four two-storey townhouse buildings.
Developer reconciles affordability to tenants while seeking to expand on property in Belmont
The Belmont Heights apartment complex.
Credit: Charlotte Rene Woods / Charlottesville Tomorrow
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A developer is seeking approval to build 11 new units at 1000 Monticello Road in Charlottesville’s Belmont neighborhood. While the Planning Commission has yet to recommend the proposal, the project is still evolving.
With the goal to set nine of the potential 11 new units as affordable, developer Drew Holzwarth is currently hoping to be granted a special use permit that will allow for increased density on the land parcel. He renovated the adjacent Belmont Heights apartments over the past year a process that drew contention from community members as some residents were displaced during the renovation.