More than 100 micro-lofts, plus live-work units, and retail space on the ground floor are planned by the new owner of the old Janion Hotel on Store Street.
The life-saving plan for the run-down, vacant Janion by Vancouver’s Reliance Properties dovetails with redevelopment of the west entrance to Victoria’s downtown. A new bridge is going in, a public plaza is planned next to the Janion, and a separate plan by the same developer aims to put up a mix of uses on the Northern Junk property at the foot of Johnson Street.
Crosstown Properties, a company within the Reliance group, bought the 1891 Janion for $2.49 million last month. Reliance has a long history of revitalizing older properties in Vancouver. It is also partnering with Jim Pattison Developments Ltd. on the $500-million, mixed-use Burrard Gateway development, one of the biggest projects planned for Vancouver.
Read more: http://www.timescolonist.com/business/Micro+lofts+planned+restoration+historic+Janion+building/6765662/story.html#ixzz1xmW6U78Q
