Quote:
Originally Posted by Phil McAvity
Thanks for all the updates guys 
A group of us (including Dylan) went up in March but there was zero high-rise activity although a few 6 story buildings were finishing |
Nanaimo is a few years out from any meaningful highrise construction. Current construction costs aren't helping either.
The areas where some height might be achieved are the Hospital District with a new patient tower and in North Nanaimo in a proposed development called the Bowers District.
Bowers is right beside Woodgrove and with the proposed repositioning of the transit hub to, potentially, a closer proximity with the Bowers District we could see some towers. This would be due to the provincial gov upzoning areas proximate to transit hubs.
Also of note is the City of Nanaimo removing mandatory parking spaces for downtown residential construction. This would be a considerable cost saver for any downtown highrise developement.
Additionally Nanaimo will soon start construction on a new downtown transit hub which will be across the street from a large underused (and soon to be upzoned?) mall. And very close to a very large, vacant, waterfront property owned by the city.
The pieces are being put in place and now it's just waiting to see what, if anything, happens.
Prev
Linear Mode
