Dockside Green in Victoria has been recognized internationally for its green initiatives

Dockside Green, one of the highest-profile and most innovative developments on the south Island, will “take a pause” in the wake of the departure of developer Joe Van Belleghem.

Van Belleghem, the charismatic public face of Dockside, is selling his share of the mixed-use project to partner Vancity Savings Credit Union. Vancity will assume 100-per-cent ownership of the $650-million development, according to a news release issued by Vancity.

Dockside has been internationally recognized for its green initiatives. The project, which occupies six hectares of former industrial land facing the Inner Harbour, started in 2006 and is close to one-third completed. It has about 450 residents.

When finished, it is anticipated Dockside will have a population of 2,500 residents in three neighbourhoods. Plans call for 26 buildings totalling 1.3 million square feet, featuring residential, retail, office, live-work units and light industrial uses.

Posted December 2009