A new development proposed for 474 Goldstream Ave. in Colwood is beginning to make its way through the rezoning process with the city.
The proposed development involves a four-storey apartment building containing 57 units. A public park is also a part of the project.
The lot is next to another proposed development, the 468 Landmark project, which broke ground in May 2012 but has yet to start construction on its 100-unit building.
Colwood director of engineering Michael Baxter said the 474 lot and the 468 lot are the last two on the road big enough for developments such as these.
“Unless other large properties are sold and amalgamated, that’s about it for there right now,” Baxter said.
There is a possibility of heritage farmhouse foundations on the property and the developer has agreed to hire a consultant to investigate.
The development is in its early stages and will come before a public hearing before any rezoning is approved by the city.