Opportunity:

Undeveloped land located adjacent a signature golf course outside of existing urban boundary

Project Summary:

• Purchased 505 acres of land and worked with the City of Dieppe to bring within the urban boundary
• Rezoned for 1000+ residential lots and 32 acres of commercial land built around an 27 hole golf course
• Worked with internationally renowned architects and master-planners MBTW to design a planned community with a village center and balanced mix of residential, commercial, recreational and open space land uses
• Currently servicing the land in phases over a 10-15 year development horizon
• Possible retail/office lease and development opportunities

Results:

• Increased value of land by 112% through improving entitlements/up zoning
• 18 holes of Fox Creek Golf Club completed
• Serviced and sold 94 residential lots and 2.5 acres of multi-unit residential land in Phase 1
• Phase 2 currently underway with 110 residential lots and 17 acres of commercial land
• Total project IRR to exceed 20%