By: The Working Forest Staff
Canadian Real Estate Magazine — A development that will feature the first tall wood building on Vancouver Island had its ground-breaking ceremony this week.
According to a report in Canadian Real Estate Magazine, the 12-storey wood building will be part of the development at District 56, Langford’s newest mixed-use complex which will offer residents an alternative to the downtown Victoria core.
It is being constructed by Design-Build Services and will have ground-level commercial space and 11 residential levels. The neighbouring building will be a 5-storey commercial building, again using mass timber construction.
“Tall wood buildings are fast becoming the sustainable choice for eco-minded builders around the world,” said Matthew McKay, founder, and director of development for Design-Build Services. “There are so many benefits to using mass timber, including a reduction in timeline for construction, meaning less impact on the community. When coupled with sustainable forest management, mass timber represents an altogether environmentally-friendly method of building.”
The first phase of the development is due to be completed in summer 2020 while the tall wood tower completion should be early 2021.
Colliers International is marketing the property.
“Demand for suburban office space has hit record levels in Victoria,” said Tyler Dolan, managing director, Vancouver Island of Colliers International on Vancouver Island. “District 56 will offer tenants and residents an alternative to the downtown core with its low vacancies and also provide relief from a growing parking problem. More and more, people want to work closer to where they live: eliminating a long commute saves time, saves money, benefits the environment, and improves health and productivity.”
See more HERE.