Wesbild is proposing the following community amenity contributions for University Heights:
AFFORDABLE HOUSING STRATEGY
100% RENTAL All 598 residential homes will be secured as rental for the lifespan of the building.
AFFORDABLE RENTAL 10%, or 60 homes, proposed as part of the redevelopment will meet BC Housing and CRD definition of “affordable” whereby rents of those homes will not exceed 30% of the income for designated unit types within the Saanich as defined by Stats Can. The proposed mix of homes will be proportional to the overall mix throughout the redevelopment.
AFFORDABLE HOUSING FUND Wesbild is proposing to make a $500,000 financial contribution to the District of Saanich to support an affordable housing fund.
MICRO HOMES A creative way to achieve affordability through home size and innovation. With liveable homes under 315 square feet, these thoughtfully designed homes will be more accessible at lower rental rates.
Total economic impact of the University Heights redevelopment is approximately $410 MILLION.
Significant increased annual PROPERTY TAXES for the District of Saanich, totalling an estimated $2 MILLION annually.
An estimated $700,000 CONTRIBUTION in Development Cost Charge for future City infrastructure programs.
The project will create an estimated 309 JOBS through construction, and 209 PERMANENT JOBS.
Contribution to a District of Saanich-led study to improve safety and visibility of the crosswalk on CEDAR HILL ROAD at the junction of Arrow Road.
Contribution towards the memorial LONDON PLANE TREE FUND along Shelbourne Street.
Supporting the Memorial Avenue Committee’s project by INSTALLING A MEMORIAL PLACARD along the Shelbourne Street frontage.
DEDICATED BIKE LANES along Shelbourne Street, McKenzie Avenue, and Cedar Hill Road.
Transportation infrastructure including a THREE-BAY BUS PULLOUT along McKenzie Avenue complete with two new bus shelters.
PEDESTRIAN BREEZEWAY connecting transit users to University Heights.
PUBLIC & OPEN SPACES
Integrated public open space including A PUBLIC PLAZA AND LANDSCAPED COURTYARD with children’s play structures for active play.
PEDESTRIAN FOCUSED CORRIDOR that connects Shelbourne Street with Cedar Hill Road.
An “ART WALK” is proposed along the Cedar Hill Road elevation that will provide opportunities for dynamic and vibrant curated installations.
Aiming to provide one CARSHARE vehicle for use within the community.
20 EV CHARGING STALLS to be provided onsite.
E-BIKE CHARGING STATION and repair stations for cyclists.