The Capital Regional District (CRD) has entered into a contract for “Spencer Close”, a 0.73 hectare property in the City of Langford for construction of a 130 unit, 6 storey building valued at $38 million. The land, located at 2763 Spencer Road, is currently owned by a partnership between Keycorp and Verity Construction who will construct a turn-key building with a projected occupancy permit of October 2020.