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—May 17, 2017
A proposed condo building on Dartmouth’s Richmond Street that has been on hold for several years may be back in play, as the developer has asked the municipality to grant an extension on its soon-to-expire development agreement. Banc Properties originally announced plans to build the two-building condo building in 2013, and was granted a development agreement in 2014. However, due to market conditions and construction of similar projects in the north-end Dartmouth neighbourhood, Banc put the project on hold.
With an October deadline for starting the project looming, Banc Properties this week submitted a request to the municipality for an extension that would allow it to begin construction in April 2019. The request also seeks several changes to the original development, including changing the construction material to wood, and substituting a rooftop patio for ground-level green space. Changing the construction material to wood represents “a simpler construction method and is more in keeping with the neighbourhood character,” states the request, which also points out that wood will not support the originally proposed rooftop patio. The request also seeks a decrease in number of condo units, from the originally proposed 160 to 148, with the cuts coming from three- and two-bedroom units.
Approving the changes can be done through non-substantive development agreement amendments. Given that the property lies in what the municipality deems an “Opportunity site,” with property that is “vacant and under-utilized and have potential to accommodate major redevelopment” as sought by revitalization of the Regional Centre, Condo Nova assumes that Banc Properties will be granted its requests.
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