Canadian telecommunications company Telus will open a new regional headquarters in downtown Victoria.
The city announced Tuesday the development of Telus Ocean, which will be hosted on the former “Apex” site at 749-767 Douglas St., around the corner from Humboldt Street.
Telus has agreed to purchase the city’s property for $ 8.1 million, plus an additional adjustment of $ 1.1 million based on the final project proposal.
The proposed office and retail building will become the regional headquarters for approximately 250 employees, according to the city.
Although the communications provider will occupy most of the new building, some offices, retail businesses and restaurants will also be available for rental.
“This significant investment by Telus is a new generation project that is helping to bring the city’s draft recovery, reinvention and resilience plan, Victoria 3.0 to fruition,” Victoria Mayor Lisa Helps said on Tuesday. communicated.
“This is another example of the confidence that big companies show in moving to Victoria or expanding their operations here. This new major business and innovation center will create significant long-term economic and community benefits, inject vitality and diversity into the heart of our downtown shopping district and support hundreds of new family jobs. “
Telus will partner with Aryze Developments of Victoria for what the city claims to be a building “of architectural significance”.
Community engagement on the project is expected to begin later this month. The city says the project will also create new opportunities for the Victoria Conference Center.
The city is expected to contribute $ 2.37 million to cover the environmental and geotechnical costs of restoring the site.
Two car rental companies are currently operating on the property, a 27,790 square foot triangular plot that was created as part of the initial filling of James Bay in the early 1900s.