Concert Acquires Prime Development Site in Victoria

On Jul 25, 2018 under Corporate Announcements

Concert recently acquired a prime development site in Victoria, BC, located at 851 Broughton Street. The site is currently the home of the YMCA-YWCA (the Y) of Vancouver Island.

While plans for the site are yet to be confirmed, Concert is committed to thoughtful planning and engagement, reflecting our commitment to community building.  

Concert has built a number of communities that have helped to shape Victoria’s vibrant urban fabric, including 365 Waterfront, Astoria, Belvedere, Chelsea, Era, the Victoria Marriott Inner Harbour and The Q.

At present, Concert is constructing its fourth seniors’ development, Tapestry at Victoria Harbour, and has partnered with Jawl Properties on the Capital Park development in the historic James Bay community. Capital Park is a mixed-use, master-planned community that includes an office complex, a rental property, as well as impeccably finished condominiums and townhomes.

“Concert has a long and proud history in Victoria,” says Brian McCauley, Concert’s President & Chief Executive Officer. “We were pleased to work closely on this sale with the Y, an organization with whom we have maintained a strong relationship over the years.”

Under the purchase agreement, Concert will allow the Y to remain operating in its current facilities for up to seven years, enabling the Y to plan for its relocation without business interruption.

The Y is a not-for-profit organization that provides health, wellness, recreation and a wide array of family services that are accessible to all families and citizens in Victoria. Operating for more than 140 years, it has been situated in its current location in Victoria for more than 50 years.

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