Developers Seacliff Properties and Reliance Properties are partnering to develop Royal Beach in Colwood, one of Greater Victoria’s fastest growing cities. Over the 15-year buildout of the master-planned seaside community, the partners will inject $1.2 billion into the local economy through job creation and spending in the community.
“We are thrilled to partner with Seacliff to develop Royal Beach, which will be our first project on Vancouver Island that is outside of Downtown Victoria,” said Jon Stovell, president and CEO of Reliance Properties.
Royal Beach will be a collection of neighbourhoods totalling 2,850 homes (single-family houses, townhomes, and apartments), plus hundreds of job spaces in commercial buildings and retail spaces. The site is 135 acres of oceanfront land with 1.4 km of shoreline. More than 47 acres of the site will be dedicated to public parks and greenspace.
The site had been a rock and gravel mine for more than a century and ceased operations in 2008. Seacliff bought the site in 2017 and after years of planning and public consultation, the City of Colwood adopted a new sub-area plan and zoning bylaw for Royal Beach last year.
“This is our company’s first joint venture,” said Georgia Desjardins, director of development of Seacliff Properties. “Royal Beach presents a unique opportunity to develop the last significant waterfront lands in Colwood, creating a new local, regional, and national destination. To best realize the potential of Royal Beach, we wanted to work with a strong partner like Reliance Properties, who shares our vision and has a tremendous track record.”
The first phase of construction will start in the spring with the construction of a new intersection at the site’s entrance at Metchosin and Latoria roads.
