A massive urban village is planned for two city blocks in the southwest Eau Claire neighbourhood that will include about 1,100 residences, a hotel, a supermarket, restaurants, retail space and a public plaza.
A development permit has been submitted for the blocks, currently two surface parking lots, between 2nd Avenue to the south, Eau Claire Avenue to the north, 4th Street to the east, and 6th Street to the west.
The project is expected to break ground in 2015, subject to all necessary approvals, with the first residents in place in 2018. The entire project is expected to be completed over a five to seven year time frame, depending on market conditions.
GWL Realty Advisors Inc. is the advisor and development manager on behalf of bcIMC (British Columbia Investment Management Corporation) which owns the land for the Eau Claire Lands project - six residential towers ranging from 19 to 33 storeys, 30 two-storey ground-oriented townhomes mainly facing Eau Claire Avenue, a 350-room hotel, 65,000 square feet of retail space as well as a public plaza and pedestrian walkway.