Bosa Development, the company that owns the Fairmont Empress Hotel, is purchasing Victoria’s multi-use Dockside Green development from Vancity.
The sale for the planned community in VicWest closes December 15.
The Vancouver developer already owns the Fairmont Empress Hotel.
“Dockside Green is an award-winning project that’s led the way in building a dynamic and sustainable local community,” Ryan Bosa, president of Bosa Development said in a release Tuesday.
Dockside Green is a renowned development featuring residential and commercial space on 15 acres of land. It started more than 10 years ago as what was once an industrial site has been transformed into an environmentally friendly development.
When the global financial crisis hit, construction stalled on the site. A new vision for the multi-use site has been approved by the city of Victoria.
