It would be a complex that would be a hub for the community.
That’s how a proposed new mixed-use hotel building was described for City of Delta-owned land on Chisholm Street, which is being eyed for redevelopment, during council’s meeting thion Monday, June 3.
The city retained a consultant to investigate the feasibility of a hotel at the site as part of an overall plan for Ladner Village revitalization, after having purchased several commercial properties near the harbour this year.
Salim Kassam, representing Kadence Hospitality & Development, outlined their analysis which concluded a six-storey, 88-unit accommodation with more than 18,000-square feet of commercial space would be viable for the market.
Focusing on the upper end of the market, he described the accommodations as an “aparthotel” that would have short-term and longer-term guests and a high level of amenities. Instead of individual rooms, small apartments would have its own bathroom and kitchen.
Kassam noted the property would support an average rate of $219.76 with an occupancy of 74 per cent in the first year.
The commercial space and amenities would be available to the community as well, making the complex a part of the community.
Council agreed it’s still early in the process, with the next step to be community engagement to develop criteria that can be used to inform the expression of interest scoring process. A report to council notes that Kadence’s model is one of several accommodation models that could be viable for the redevelopment.
An expression of interest process is required to test the market and identify/shortlist interested parties to submit full proposals. It is possible that the request for proposal process would generate a different final product.
Coun. Dylan Kruger, a member of the Ladner Village Renewal Advisory Committee which submitted its recommendations three years ago, said such a project would help make the village a real destination.
