The Banks Apartment Project

under construction

The Banks is a proposed seven-storey, 49-unit apartment building located on Haviland Street in downtown Charlottetown. The project includes two levels of parking beneath the residential units and is engineered to withstand potential flooding. The developer, Tim Banks and his company APM MacLean, have conducted environmental site assessments and soil analysis before proceeding with the purchase of the site for $2.8 million. The city approved the plans earlier in the year, allowing the development to proceed as-of-right under Waterfront Zoning without public consultation. Site preparation has begun, and the city issued a permit for site mobilization on July 15. However, there are concerns from residents about the impact on green space, flooding risks, and construction disruption.