New multi-residential development project for Fiera Real Estate CORE Fund
Fiera Real Estate CORE Fund (the “Fund”) and its partner, PC Urban, are proud to announce their second multi-residential development transaction in Victoria, BC in 2021: Esquimalt. The 1.73 acre site is well located within 2.5 km from downtown Victoria, 1.5 km from the Galloping Goose Trail and 3 km from Fiera’s Gorge & Irma project. It is within walking distance to an extensive list of commercial offerings including grocery stores, restaurants, and cafes.
The project will offer approximately 160,000 square feet of multi-residential rental across 2 buildings totalling 199 units and approximately 8,500 square feet of ground-floor retail, providing a very good opportunity for neighbourhood retail and will be programmed to the benefit of the tenants . In addition to thoughtfully designed layouts and modern amenities, future residents will also be able to enjoy clear views to downtown Victoria on the rooftop terrace equipped with an agricultural garden and a BBQ area.
With its location in the robust Victoria market, this development is a highly desirable and much needed rental project that is well positioned to serve the needs of the immediate community.
Fiera is excited to embark on another development for Fiera Real Estate CORE Fund and increase our presence in British Columbia.