Plans for redevelopment of the Victoria Plaza Hotel have been postponed, meaning Victoria’s only strip club has a new lease on life.
League Assets originally anticipated closing a purchase of the hotel by this spring. Those plans have been extended until the fall to accommodate an amendment to its rezoning application before the city.
Working with League, the project developer, GMC Projects, is now proposing more density.
“We are currently reviewing the design changes with the city and expect to be showing those changes to the (Downtown Resident’s Association) soon,” said Jordan Milne of GMC Projects.
That means plans to close Monty’s Showroom Pub this summer are also on hold.
Milne could not comment on whether the purchase of the property is dependent on being granted more density.
League Assets did not return a call from the News.
“I would just to say to anybody who is buying a property in Old Town, if you do it based on increasing the density beyond what’s permitted, it’s really very foolish,” said Coun. Pamela Madoff, who sits on the planning and land-use committee. “It’s just such a battle and a struggle and it goes against all the work that’s gone on.”
rholmen@vicnews.com
