A Vancouver developer, Reliance Properties, eyes a makeover for a nearly seven-acre waterfront plot in downtown Victoria. The proposed arts and innovation district aims for a mix of uses, including residential, commercial, office, and cultural spaces. With a nod to heritage preservation, the plan involves integrating existing buildings like the Capital Iron building. The project is poised to bring around 2,100 jobs and up to 600 residential units, with a focus on rentals. Businesses like the Art Gallery of Greater Victoria and Finest at Sea are already on board.

Set to align with Victoria 3.0’s vision, the project reflects the city’s commitment to local arts and culture. Anticipated to kick off in 2026, the initial phase will feature a public plaza, residential and office buildings, and the art gallery. The development has garnered positive community feedback and is primed to transform Victoria’s downtown waterfront.