Opportunity:

Prime development site on Halifax Common with views of the historic Citadel and Halifax Harbour managed by a distressed local developer

Project Summary:

• Developed a high-end condominium building in the burgeoning Halifax condo market
• 10 storey building, 85 unit apartment and 12 townhouse condominium units with 3 levels of underground parking
• Total project cost $32 million
• Partnered 50% with an experienced Ontario-based residential developer

Results:

• Construction completion June 2009
• Over 65% sold, performing on pro-forma