New 117-bed student housing complex in Nanaimo passes first hurdles
NANAIMO — A large student housing complex is closer to fulfilling heavy demand in Nanaimo’s university district.
Council gave the green light to a proposed development at 416 Wakesiah Ave., featuring 117 beds of student housing in 44 units. The property would also contain three ground level commercial units.
In order for the development to proceed, a covenant on the property stemming from a failed 2016 development for a 44-bed facility needs to be amended. Council gave unanimous approval through three readings during their Monday, Oct. 18 meeting.
“The proposal at that time was for 44 beds, the applicants indicated demand for additional [beds],” Jeremy Holm, City director for development approvals, told Council. “[The developers have] taken another look at the property, the demand in the area for student housing beds and redesigned.”