The first phase of the The Hive project downtown will move ahead, after city council approved a development permit on Tuesday.
In its application, A&T Project Developments proposed a 5,400 square-metre, six-storey commercial building located at the corner of Fifth Avenue and Lansdowne Street, currently a commercial parking lot. It is the first of three buildings anticipated to rise behind the Delta Kamloops Hotel, in a project touted as having the potential to transform downtown.
The new building is slated to include retail on the ground floor and office space above, with Urban Systems expected to be among the tenants. It will feature brick, wood-like panelling and extensive glazing. It will also have balcony spaces on each level, secured indoor bicycling storage and an outdoor bike rack.
In a report to council, the city notes that the development does not require commercial parking, as it is situated within the city’s downtown off-street parking exemption area, but the development will nonetheless include 68 underground parking stalls, accessed from the lane, including one electric vehicle charging station.
Further to the loss of the commercial parking lot, five on-street parking spaces along Lansdowne Street will be removed for landscaping purposes. Six trees will apparently be removed and three trees will be replanted along Fifth Avenue and four trees will be replanted along Lansdowne Street.
In addition, the project falls within the city’s revitalization tax exemption area, which was recently amended by the city to include commercial space, and the property improvements will be eligible for a 10-year tax exemption.
On Tuesday, council voted unanimously to approve the permit.
Vice-president of Invictus Properties, Bryan Pilbeam, told KTW last month the project is expected to break ground this month.
Construction of the first phase is expected to take between 18 to 24 months.
The second phase in the planning stage.