Last Updated: January 22, 2007

Lot 4 - a Lifestyle Village within the Village

Located at the northeast corner of the Inland Island Highway/ Comox Valley Interchange, Lot 4 provides the strongest visual exposure for regional traffic from all directions, making it Trilogy’s first choice for a signature mixed use Lifestyle Centre.

Trilogy’s intent is to develop Lot 4 with Commercial/ Retail as its focus but also to create a true mixed-use neighbourhood, which integrates Residential, Entertainment , Hospitality, Office and community facilities into a series of vibrant streetscapes and neighbourhood enclaves. As part of the Entertainment/ Hospitality component, Trilogy is considering both Hotel/ Motel and Casino uses, although this has yet to be determined.


Illustrative Plan of Lot 4

Neighbourhood Form & Character

The form and character of the mixed use centre will be very much an an outdoors, pedestrian-friendly “discovery” experience. Buildings will line streets following the traditional small town “Main Street” model, where.there is a mix of pedestrian and vehicular traffic side by side, and buildings vary in scale, height and eievation. Larger format retailers and entertainment complexes will be set behind a row of smaller-scale storefronts, to more closely resemble the character of authentic small town streetscapes.

The internal roads on Lot 4 will create a sense of a smaller scale neighbourhoods with intersections and corners providing opportunities for public gathering spaces, landscape elements, and landmark and public art elements. In addition to on-street parking, smaller “dedicated” parking areas are proposed to be distributed around the site so as to provide more space for visitors’ and employees’ cars, while reducing the visual impact of large parking areas.

Residential Aspects

The residential component of Lot 4 may occur in various forms, either above shops (as on the Village’s Dunsmuir Avenue), integrated into flexible live-work apartments or townhouses, or as separate multi-family “live only” buildings. Residences that are not above stores will either front onto streets , where their own private greenspaces will provide them a with setback from the street, or they will look onto public or semi-publiic green spaces.

All residential components are intended to support the concept of a vibrant mixed use community, which is one of the key components of Smart Growth. New residents will add economic vitality to the Village as a whole, and will ensure 24-hour animation within parts of the Lot 4. And while Retail/ Commercial is the primary focus of of the Lifestyle centre, Trilogy regognizes that in the end, it is people rather than storefronts that make neighbourhoods and communities come alive.

Photo: On Lot 4, buildings will outline pedestrian-friendly sidewalks and streets, with individual storefronts defined by different building heights, colours and materials like they do along Dunsmuir Avenue.

Lot 4 Overview

Zoning Designation

  • Current: RU-3
  • Proposed: CDMU-1

Permitted Principle Uses

  • Retail, Commercial, Sevices
  • Restaurants
  • Institutional/ Public Facilities
  • Business & Professional Offices
  • Hotels, Motels & Casino
  • Townhouses & Apartments

Permitted Accesory Uses

  • Home Occupation
  • Multi-Family “Flex” Units
  • Residential or combined with Commercial

Economic Impact

Tourism

  • $4 - $18 million additional local spending by tourists
  • 70 - 320 new local tourism jobs

Employment

  • 687- 935 new jobs on Lot 4
  • 558 - 595 person-years in construction

Construction Spending

  • $70 - $75 million, including infrastructure & site preparation

Village Income

  • $1.3 - $1.8 million in DCC’s, other charges
  • $550,000 - $660,000/ year additional tax revenue

Community Impact Report

© 2007 Trilogy Properties Inc.
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