On March 1, Kensington Union Bay Properties Limited held a press conference to announce the launch Union Bay Estates development, a residential and commercial development located on 850 acres in Union Bay.
Located 15 minutes south of Courtenay, Union Bay Estates will include many residential options including multi and single-family residential, retirement and senior living, work/live homes and affordable housing. As a destination community, the development will also incorporate mixed use commercial space, along with two new hotels, a marina and amenities such as a pharmacy, medical clinic, movie theatre, coffee shop and more.
The Master Development Agreement for this project allows up to 2,949 new residential units to be built. Currently, there are approximately 1,200 residents living in Union Bay and the population could increase by an additional 7,500 to 9,000 once the project has been built out.