A plan that would see the redevelopment of the Capitol 6 Theaters property in downtown Victoria is one step closer to reality.
Earlier this month, Victoria City Council approved a 10-storey office building on the corner of Blanshard and Yates streets.
The developer Jawl Properties Ltd. has owned the property since 2015.
The company calls the new retail space Capitol VI, in honor of the theater that has stood on the site since the early 1980s.
The ground floor will include retail space and a pedestrian urban plaza, according to the developer.
Last year, the company applied for rezoning and development permits to include commercial and retail space on the first three floors, office space on the upper floors, as well as three levels of underground parking.
In total, the 10-story building would contain a gross area of 169,988 square feet, according to Jawl, and would have room for about 600 workers in its offices and 144 parking spaces in its underground parking lot.
While it’s unclear when the redevelopment will begin, the theater still has about a year left on its lease on the site.