Don't know how I missed this... or if I did?
Rental development to rise in two phases in downtown Kamloops' Columbia Precinct
A 250-unit, two-building rental development planned for the Columbia Precinct will be the second project under the provincial BC Builds program to rise in Kamloops.
Council will get a look at the first phase of the development — a six-storey, 126-unit building — during its meeting on Tuesday.
“Twenty six units within the development will be secured as below-market rental units, with the balance of units providing affordable rental housing targeted toward low and moderate income earners,” reads a report prepared for Tuesday’s council meeting.
The first building will be constructed at 535 Columbia St., adjacent to the main road.
“The proposed development will consist of an L-shaped building facing internally toward a centralized parking and green space area,” the report said.
The second phase will involve the construction of a five-storey, 125-unit building planned for 523 Columbia St., bringing the unit total to 251.
During Tuesday’s meeting, council will be asked to approve a housing agreement that will offer reduced parking requirements and a 10-year revitalization tax exemption in exchange for the provision of affordable market rental housing units in perpetuity.
The developer is planning to include a total of 146 parking spaces, including 72 spaces — 37 underground and 35 surface spots — for the first building.
The second building would include 74 parking spaces, 49 of them underground and the remainder located on the surface.
* I do believe all of us chums have talked about this, but I think this is the first actual render.
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