A local developer is proposing to build a new 10-storey rental apartment building in St. John’s, NL, according to multiple reports.

If all goes according to plan, KMK Capital will tear down an old YMCA building on Cove Road and construct the new apartments along with a separate two-storey parkade. As a result of the plan, Max Fitness, which is located in the former YMCA site, will close permanently on December 15.

But a youth centre operated by Max Families will stay open.

St. John’s city council is slated to consider the project for approval next week. The project comes as governments are seeking to develop more multi-residential rental housing projects in St. John’s.

Earlier this month, Ottawa unlocked a surplus federal property in the Pleasantville area for the development of 34 homes. The property was one of six federally owned sites across Canada that the government has freed up for rental and affordable housing.

In October, the federal government announced plans to invest $11 million in three social and affordable housing projects for disadvantaged women in St. John’s.

Image: City of St. John’s