WHARFSIDE CAFE IS one of the Peninsula’s many waterfront

restaurants, except this dining spot is situated right on top of

Brentwood Bay. Business is best during summer months,
_ former owners Branat and Patricia McKay discovered.

” Rosko’s stores on the block

Sidney’s mayor is retiring from
some of her small business ven-
tures, according to an advertise-
ment in the October issue of The
Western Investor.

The province-wide commercial
real estate publication lists a jewel-
Ty-giftware store in Sidney, estab-
lished 16 years ago, with annual
sales of $200,000, including
inventory, for $175,000 firm.

A lingerie store, with excellent
main street location and gross
sales of $90,000 is listed for
$65,000, including inventory.

And a pet food and accessories
Store with gross sales of $225,000
is listed for $95,000 including
inventory.

Mayor Marie Rosko owns Chris-
tine Laurent Jewelers, Sweet Talk
and Lace lingerie store, Pet Food
Delights and Brenmar Trade
Development.

“Buy one or all three — owner
retiring,” the advertisement says,
teferring clients to contact Bren-
mar Trade Development. “Loca-
tion, location, location. Downlowas
Sidney-By-The-Sea.”’

~ All-time record for sales
of residential real estate

An “all time record” for real
estate sales was set at NRS Proper-
ties during the month of Septem-
ber.

President Ron Kubek said that
83 sales translated to $8.8 million
worth of volume during the record-
breaking period.

“A month earlier, during
August, we thought we had our
busiest month,” Kubek said.

“People still want to live on the
Peninsula,” he said. “We haven’t
seen sales in September like this
before.”

@ The Peninsula-based company

employs 31 real estate agents.

Last month the company sold 60
properties with a total volume of
$4.8 million.

Kubek sees a trend toward lower
Prices in the high-end waterfront
market, with a drop of 10 to 15 per
cent since the beginning of 1992.

September's sales had an aver-
age price of about $205,000 and
realtors are seeing more of an
effort by buyers to keep prices

The

It is possible
to call on over

30,000 people with
your advertising
message in one day.
Let us show you how!

Review
656-1151

down.

“The difference this year com-
pared to last is that buyers have
become more practical,’ Kubek
said. “If they can save $20,-
$30,000 by going with 1 1/2 baths
instead of two full baths, they’il do
it.”

NRS Properties has an office
full of young and aggressive sales
people, accounting for its high
share of the Peninsula market, he
Said.

Meanwhile, in commercial real
estate, Kubek says leasing prices
are steady but “people aren’t
snapping them up.

“We're seeing some belt tight-
ening in the commercial commun-
ity,” he said.

Some businesses are making do
with less space to keep overhead
costs down while others who
require more space are considering
redevelopment instead of reloca-
tion.

“Taxes have gone through the
roof,” Kubek said.

New planner busy wi

The planning department at the
Town of Sidney received a boost
recently with the addition of a new
staff member.

The new manager of planning
and inspection is Marvin Kamenz,
who was the chief planner in
Terrace.

In Sidney
since Sept. 28,
Kamenz is find-
ing that mere’s
plenty of work =
to do. :

His first pri-
ority will be MARVIN KAMENZ
work on the revision to the Town’s
official community plan. Revised
every five years, but usually
intended for a 20-year period, the
document is used by the municipal
council and the building and engi-
neering departments while consid-
ering applications from citizens
and developers to construct addi-
tions and new construction pro-
jects. The plan identifies areas
through zoning.

Sidney is a town with every-
thing, and other communities are
Striving to duplicate the strong
community essence here, Kamenz
said.

“People seem to have a real
sense of belonging in Sidney.

Everything is unique here. Devel-
opment wise, it’s not a cookie-
cutter version of other municipalit-
CSS

Kamenz feels that future plan-
ning emphasis for the town should
be centered around maintaining
the character of single family
development areas.

“Local residents have made Sid-
ney what it is today. We need to
continue to take into account pub-
lic impact and reaction on differ-

| (Marina Court, behind the Landmark).

m Review Wednesday, November 11,1992 — A19

1 OCP OO IO
= THE BEAR PUB &
PRESENTS...

+ STAR OF T'S «

ent development policies,’
Kamenz said.

After growing up in Delta,
Kamenz went on to study at UBC
where he earned a bachelor of arts
degree in urban geography. He
followed it up with a Master of
Arts in Planning.

Upon graduation in 1989,
Kamenz kicked off his career in
Terrace where he worked as a city
planner and eventually, because of

4K
F Wiseau
k
staff shortage, became head of the

ONE NIGHT ONLY
planuing department. :

NOV. 28th

will be quite hectic for Kamenz.
Along with doing extensive work
on the OCP, he’ll soon have his
hands full at home too.

Marvin and his wife Cherie are
expecting there first child any day |
now.

Senior staff members in all
departments become involved
with official community plan revi-
sions but it is up to Town council.
to enact recommendations into
bylaws.

Council’s advisory planning
commission also assists with OCP :
revisions.

Pmeyaes

A draft of the new plan is x AND BAND K
expected to be made available for >
public perusal early in 1993. : ~ TICKETS $1 5. 00

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|

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