Work has started for what will be an expanded optometry business on Park Ave.

Terrace building permit values top $50 million

It's been the busiest construction year in more than a decade

  • Oct. 22, 2015 11:00 a.m.

TWO construction projects this month have pushed the value of Terrace building permits issued to date to more than $50 million, a 10-year record.

One is the first phase of a large multi-family residential development on the bench now breaking ground and the other is an addition and renovation of a business on Park Ave. downtown.

Seven townhomes in two duplexes and one triplex now under construction by Vancouver developer SwissReal carry a value of $1.4 million while an expansion to Park Ave. Optometry has a value of $1 million.

The permit value of more than $50 million is more than double last year’s total for the same time period and triple the 10-year average of just under $16 million.

The next closest value year to date was in 2008 when more than $23 million in permits had been issued.

The SwissReal bench multi-residential development on the 5100 Block of McConnell is called Terrace Heights, which will consist of 35 townhomes on 2.7 acres when fully built out.

It will be the largest multi-family residential development of its kind in the history of the city so far, edging out Sleeping Beauty Estates on the 4700 Block of Davis which has 28 units either finished or under construction.

Jeremy Towning from Vancouver-based developer SwissReal said strata development Terrace Heights is the first of what he expects will be a number of company construction projects in Terrace and area.

“Terrace just has such a nice community feel,” said Towning. “It’s someplace we want to be for the next 20 years.”

Its central geographical location within the region, making the city and immediate area a hub for services and activities also contributed to the decision to build here, he added. “We feel the market is the most sustainable. Terrace has had its booms and busts but not as extreme,” Towning said.

SwissReal was first attracted to the area by the prospect of a regional liquefied natural gas industry and purchased the Terrace Heights property earlier this year.

Each of the Terrace Heights townhomes will have three bedrooms carrying a price tag of approximately $400,000.

“We’re just now working out the final costs,” said Towning.

SwissReal had planned an earlier start but there were delays in securing construction-related bids, he added.

“It would have been too risky. The weather is also a factor,” explained Towning as to why SwissReal is starting with seven units.

He said construction of the remaining townhomes will start next spring.

The Park Ave. Optometry construction project also represents a business purchase involving Terrace Vision Care.

Dr. Rebecca Counts from Terrace Vision Care says she and Dr. Stephanie Pietralla, who is already at Park Ave. Optometry, purchased the business from Dr. Harry Murphy.

The Progressive Ventures construction project underway right beside the Park Ave. building will more than double the size of the location’s footprint.

“And there will also be a new exterior. You won’t recognize it when finished,” said Counts of the project.

The existing Park Ave. building will be joined to the new construction and is to be renovated as part of the new construction.

Counts said the combined business will also have a new name, one that has yet to be chosen.

And when the project is finished, Terrace Vision Care will leave its current Lazelle Ave. location.

In terms of commercial construction building permit values this year, the Sunshine Inn development adjacent to city hall tops the list at $15.041 million followed by a warehouse expansion at Bandstra Transportation amounting to $1.3 million, the Great Canadian Oil Change project at $709,000 and a $200,00 project for the Andrew Sheret plumbing and heating business.

The Northwest Regional Airport expansion project valued at $15.709 million comes under the institutional construction category.

As of the end of August, 24 permits for single residential construction were issued for a total value of $5.914 million.

In addition to the Sunshine Inn development, a second hotel past Canadian Tire heading west along Hwy16, a Comfort Inn, is also under construction.

Its building permit of approximately $10 million was issued in the fall of 2014.

SwissReal’s contractor for Terrace Heights is Chilliwack-based Kerkhoff Construction.

Kerkhoff is also active in three residential and/or commercial projects in Kitimat with one, the Haisla Town Centre, being developed by the Haisla Nation.

SwissReal is also planning a major commercial and residential project in Prince Rupert.

 

 

 

 

 

 

 

 

 

 

 

 

 

Just Posted

Police investigating after body found in Terrace

Discovery Friday afternoon near Olson Ave.

Skeena Voices | Painting the world a brighter place

Marilyn Lachapelle brings life to rocks to heal and spread happiness

Northwest mobile unit to help those at heart of mental health, addiction crisis

Province, Northern Health unveils new unit in Terrace to bridge gaps in services

New Mills Memorial project said to be on track

But Skeena MLA Ellis Ross not convinced

Bail hearing adjourned for April in Terrace manslaughter case

Veronica Leanne Bolton, 34, is accused in death of Rene Fagan, 85

Sparks fly as SUV speeds down wrong side of Highway 1 trying to flee RCMP

Captured on video, the vehicle headed westbound against oncoming traffic before crashing

1,300 cruise ship passengers rescued by helicopter amid storm off Norway’s coast

Rescue teams with helicopters and boats were sent to evacuate the cruise ship under extremely difficult circumstances

B.C. university to offer first graduate program on mindfulness in Canada

University of the Fraser Valley says the mostly-online program focuses on self-care and well being

Province announces $18.6 million for B.C. Search and Rescue

The funding, spread over three years, to pay for operations, equipment, and training

Late-season wave of the flu makes its round in B.C.

BC Centre for Disease Control reported 50 per cent jump in flu cases in first weeks of March

Tofino’s housing crisis causing some to seek shelter at the local hospital

Tofino’s housing crisis is pushing the town’s ‘hidden homeless’ population into the forefront.

Sentencing judge in Broncos crash calls for carnage on highways to end

Judge Inez Cardinal sentenced Jaskirat Singh Sidhu to eight years

2 fires in Victoria caused by cigarettes prompts warning from deputy fire chief

Two separate fires caused by cigarette butts were avoidable

Wildlife activists slam B.C. business, clubs for ‘wolf-whacking’ contests

Chilcotin Guns, Creston Valley Rod and Gun Club and West Kootenay Outdoorsmen Club under fire

Most Read