Mariner's Village will continue with Phase II once the market improves.

Mariner’s Village plays the waiting game

Multi-million dollar development will begin second when market conditions improve.

Mariner’s Village, the $300-million dollar development along the shores of Sooke Harbour, may look like it is at a stand-still but it’s not.

The development, is to be built in phases with the first phase complete. Phase one is 49 residential units. Phase two includes the commercial and residential five-story building planned for the edge of Sooke Road. Thirty-six residential units are planned for the upper floors with commercial business space on the lower floors.

When complete, Mariner’s Village will have 110,000 square feet of commercial development, 30,000 square feet of office and 370 condominiums and townhouses. The development sits on five hectares between Sooke Road and the harbour.

Phase two should have started in November but Mike Barrie said that because the market is slower than anticipated, work would likely commence in the spring.

“In the meantime we are lining people up commercially and we’ve had real good success,” said Barrie.

He said waiting for spring will allow pre-sales of the residential units.

“A lot of people who want to buy a home are waiting to sell first,” he said.

Barrie said he has been talking to commercial businesses and hopes to include a pharmacy, medical/wellness centre with two new doctors. He has talked to a few banks, lawyers, mortgage brokers as well as boutiques. The commercial will also include a restaurant/bistro/coffeehouse operation.

“We’re kinda committed as best we can, ideally for Sooke it would be local businesses.”

The marina is an ongoing process and Barrie said they already have a big foreshore lease that they could expand on, but he feels there is not enough demand at this point. He is hoping to create more demand for the marina. The marina currently has 38 slips.

Phase one has 40 of the 49 units sold.

“I can’t complain, we’ve done well to this date… we’re looking forward to better days,” said Barrie.

Full build out of the development should be in 10 to 12 years.

Just Posted

Victoria a hot spot for millennials: new study

City ranks No. 2 for generation of Canadians seeking work-life balance

Sooke high school welcomes new principal

Laura Fulton was formerly vice principal at Belmont High and Spencer Middle schools

Victoria High turf field/track project hits important funding milestone

Alumni Association members guiding initiative that also includes lighting, new fieldhouse

Victoria airport nearing billion-dollar mark in economic impact

Airport has nearly doubled its passengers and its impact on the economy since 2005

Surfing social media costs driver $500

VicPD nabs driver on the phone at red light

Victoria’s Our Place in desperate need of clothing donations

Downtown service provider feeling pinch from less frequent community clothing drives

All the colours of the rainbow, in a cloud

Rare phenomenon spotted at Mount Washington

LIVE: Solitary confinement in Canadian prisons unconstitutional: B.C. Supreme Court

Associations argued that solitary confinement was inhuman

1 in 4 B.C. consumers unable to pay bills, debt repayment: poll

Since interest rates first rose in July, poll suggests households across B.C. have had to tighten budget

SOGI rally disrupts school board meeting, but business carries on

Chilliwack school board makes statement in support of B.C.-wide gender identity teaching resource

B.C. husband and wife honoured for saving each other’s lives

Couple presented with Vital Link Awards for quick use of CPR

154 remote B.C. communities to get high-speed internet

Government funding to bring subsea fiber optic cable to connect people on the coast

Kelowna West byelection called for Feb. 14

Four candidate race to replace departed former B.C. premier Christy Clark

Winds up to 100 km/h expected for Vancouver Island

“If you are near the water, it is important to be ‘Coastsmart,’ by staying above the high tide.”

Most Read