Randy Royer has a vision for the property around Coast Collective arts centre he's calling 'vitality living

It takes a money to build a village

Pacific Landing, a development on the 12-acre property which surrounds Coast Collective, is looking for investors to help build a village.

Pacific Landing, a development on the 12-acre property which surrounds Coast Collective, is looking for investors to help build a village.

“It’s a unique piece of property,” management team leader Randy Royer said. “Even going back to the First Nations heritage, this was considered to be a meeting place, so that’s what we want to keep.”

Royer and his company have owned the property for five years and have plans for a multifaceted development with 165 residential units, commercial enterprises, a coffee shop, a hotel and perhaps even a small medical centre.

The vision is to have the property, which is at the end of Heatherbell Rd., act as a small village, in a spirit being described as “vitality living.”

Plans are to build the village in the spirit of the property. As many trees as possible will be spared and the water features will be untouched. Any construction on the property must be setback 100 metres from the water, and 15 metres on either side of the creek which runs through it.

Royer views the natural surroundings as an asset rather than a hinderance to building.

“That’s important to the people that are going to be here,” he said.

The project successfully completed the rezoning process with the City of Colwood about four years ago.

The focus now is raising capital and drumming up investors. The project has a $10-million mutual fund trust through which it is raising equity. So far most of the capitol has come from Alberta. Royer himself is a substantial investor in the project.

“It’s very well received,” Royer said. “People hear the vision and like it.”

Royer hopes to have the money in place sometime around March 2014.

The bottom portion of the property, featuring Coast Collective’s home in Pendray House, will be untouched.

“It’s the Number 1 cultural destination in the Western Communities and they’ve just been great,” Royer said. “Coast Collective will act as the cultural cornerstone of the village.”

Cindy Moyer, the incoming executive director of the arts collective, who has previously worked for Royer, said the developer has been very supportive of Coast Collective and she sees the development as a positive move forward.

“Across the board, we feel anything that’s going to create a holistic development on that sight that celebrates the arts and makes them available to people … is a win-win,” Moyer said. “We’re all very excited about what (Royer is) talking about.”

Royer, who is based out of Calgary, has spent much of his career working in the hotel industry and developing properties throughout North America. He is the man behind the Grand Okanagan Resort in Kelowna, a 54-acre waterfront development.

Just Posted

New accessible playground opens at View Royal’s Eagle View Elementary School

Students overjoyed while faculty and parents feel relief

With $4M investment, Camosun College offers first sonography program on Vancouver Island

Starting in May 2020 students from Vancouver Island can pursue a career in sonography

Greater Victoria developer rushes to demolish historic wall before Oak Bay applies heritage permit

Abstract Development punches holes in one of Oak Bay’s oldest stone walls

$775-million wastewater project on track to be completed on time, within new budget

Esquimalt Mayor Barb Desjardins praises public education aspect of project

Scheer, Trudeau, Singh haggle over potential minority government outcome

If you believe the polls, it appears the Liberals and Conservatives are neck-and-neck

POLL: Do you think the day of the federal election should be a statutory holiday?

Increasing voter turnout has long been a goal of officials across the… Continue reading

Canucks beat Stanley Cup champs 4-3 in a shootout

Leivo nets winner, Vancouver dumps St. Louis for fourth straight win

Campbell River homicide suspects arrested in Vancouver

Two men remain in custody, but have not been charged

‘The more you test, the more you find’: Beef recalls a sign of success, experts say

Despite appearances, experts say a recent rise in major recalls is not a sign of food supply problems

Elizabeth May confirms plan to eliminate fish farming in open ocean pens

Green Party leader stops in Qualicum Beach as part of Island campaign

STRIKE: WFP and USW are back at the table for mediation

“No further updates until either an agreement is reached or one party or the other breaks off talks”

Green Party leader Elizabeth May rolls through Vancouver Island to boost a party stronghold

Mocks media, evokes Martin Luther King, Nelson Mandela and promises change

Japanese buyer expands wood pellet contract with B.C.’s Pinnacle

Mitsui and Co. increases contract with Interior energy producer

Most Read