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Hundreds of millions in commercial real estate deals, despite pandemic

1. 945 Reunion Ave., Langford
Price: $60 million
Improvements: 156 unit multi-family apartment building
Vendor: Ledcor Property Investments, Vancouver
Purchaser: Killam Apartment REIT, Halifax
The Crossing At Belmont is the rental component of Belmont Market, a 160,000-square-foot outdoor shopping centre with anchor Thrifty Foods. The rental units have condo-like amenities and there is a rent-to-own program for tenants to save down payments to purchase across the street at the Belmont Residences strata building.
2. 2861 Craigowan Rd., View Royal
Price: $54 million
Improvements: 161 units
Purchaser: Killam REIT, Halifax
The Christie Point Apartments is a unique property on its own peninsula in Portage Inlet The waterfront property has a variety of low-density buildings originally constructed in the 1960s. Improvements call for five two-storey apartment buildings and four two-storey townhouse buildings. ....

Gold Stream , British Columbia , Portage Inlet , Thetis Lake , Northwest Territories , New Brunswick , Alanna Holroyd , John Sercombe , Jon Stovell , Dustin Miller , Kaye Melliship , Capital Regional Hospital District Corporation , Greater Victoria Housing Society , Real Homes Management Corporation , Molnar Group , Island Health , Reliance Properties , Capri Motel , Realstar Group , Real Homes Development Management Corp , Greater Victoria Rental Development Society , Paul Restaurants Ltd , Capital Regional Housing Corporation , Limona Properties , Db Building Services , Oak Bay Lodge ,

Developer reconciles affordability to tenants while seeking to expand on property in Belmont

Developer reconciles affordability to tenants while seeking to expand on property in Belmont
The Belmont Heights apartment complex.
Credit: Charlotte Rene Woods / Charlottesville Tomorrow
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A developer is seeking approval to build 11 new units at 1000 Monticello Road in Charlottesville’s Belmont neighborhood. While the Planning Commission has yet to recommend the proposal, the project is still evolving.
With the goal to set nine of the potential 11 new units as affordable, developer Drew Holzwarth is currently hoping to be granted a special use permit that will allow for increased density on the land parcel. He renovated the adjacent Belmont Heights apartments over the past year a process that drew contention from community members as some residents were displaced during the renovation. ....

New York , United States , Daryl Rojas , Rory Stolzenberg , Charlottesville Belmont , Michael Payne , Eddie Giles , Piedmont Realty Holdings , Movers Inc , While The Planning Commission , Planning Commission , Income Housing Coalition , Drew Holzwarth , Belmont Heights , Score Real Estate , Charlottesville Low Income Housing Coalition , Belmont Apartments , Professional Movers , Charlottesville Tomorrow , New York City , Planning Commissioner Rory Stolzenberg , City Councilor Michael Payne , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , டேரில் ரோஜாஸ் , சார்லோட்டஸ்வில்லே பெல்மாண்ட் ,