According to an article in the Times Colonist, Reliance Properties – which has built micro-lofts in Vancouver – is going to submit a proposal to redevelop the Janion Hotel. The redevelopment would include micro-units.
The article notes that, “About one-quarter to one-third of the 100-plus units would go into the Janion, with the remainder slated for the new building which would be built on former Transport Canada land.”
The micro-units would be roughly 300 square feet and prices would start at approximately $100,000.
Reliance will submit a proposal to the city of Victoria by the end of October, and if the project goes forward, construction could start as early as next summer.
Jon Stovell, president of Reliance Properties, is confident that demand for micro-units exists in the Victoria market. “It’s just a very, very urban place and that’s a good place for small compact units because the idea is that your living and your dining room aren’t in your apartment … they are outside, ” said Stovell.