Peachland council has warned a the developer of a property in the Lower Princeton neighbourhood to get busy building.
A rezoning application for 4607 Princeton Avenue first came to council, under a different developer, in 2020. Third reading for rezoning was finally given by council in September last year, however, required conditions have not been met for the rezoning to be finalized.
The current applicant purchased the property in fall 2022 and requested an extension to meet those conditions in September 2024. High interest rates and a stalled real estate market were the reasons given. Staff recommended three month extension.
91裸聊视频淲e feel that more than ample time has been provided,91裸聊视频� Darin Schaal, director of planning and development services, told council at its Sept. 24 meeting. 91裸聊视频淪taff are concerned with the overall amount of time this application has been in stream.91裸聊视频�
Schaal noted that the applicant is waiting on pending funding that will facilitate completion of the rezoning requirements within three months.
Councillor Rick Ingram asked if the property is currently for sale. Schall confirmed that it was put on the market shorty after third reading of the rezoning bylaw in 2023.
91裸聊视频淐ertainly there was some appreciation for the fact that did not look good, but it was always part of their intent (applicant) to look for91裸聊视频otential partners to complete the development,91裸聊视频� Schaal said.
The 2.1 acre parcel is listed on William Wright Commerical Real Estate Services website for $3.6 million.
The applicant91裸聊视频檚 rationale letter to council states it's in talks with a large development firm interested in partnering on the project, and possibly looking to break ground in spring/summer 2025.
91裸聊视频淲e are concerned about how it will look to this development group that the district would not allow an extension and that we may need to wait six months before re-applying,91裸聊视频� the letter reads in part.
If the deadline is missed it could be some time before staff could review the file.
91裸聊视频淲e have enough work to keep us going for two years,91裸聊视频� District CAO, Joe Creron pointed out.
Several councillors voiced their frustration that the file has not moved forward in four years.
91裸聊视频淲e like to see progress and something built in our community,91裸聊视频� Mayor Patrick Van Minsel said. "That is my frustration, and not only with this development.91裸聊视频�
Coun. Randy Brophey noted the district needs to do its part as well.
91裸聊视频淭here are overall considerations in general, not specific to this development but to this type of situation, where we have to improve what we require from a developer before they91裸聊视频檙e allowed to develop,91裸聊视频� he added.
Council voted unanimously to allow the three-month extension.
91裸聊视频淭his will be it,91裸聊视频� Van Minsel warned. 91裸聊视频淥nce it lapses we will close this file.91裸聊视频�
