“A welcome addition to our community:” Two new developments bring 230 rental units to Vancouver Island.Canadian Business Journal

garretschoenbergNovember 24, 2022

GUELPH, ON, Canada, Nov. 24, 2022 (GLOBE NEWSWIRE) — Construction of three mid-rise condominiums on Vancouver Island has been completed, bringing 230 new rental suites to the cities of Nanaimo and Parksville.

On Sept. 22, Skyline Group of Companies joined project partners and building occupants for the Uplands Terrace Apartments at 6117 Uplands Drive in Nanaimo and the Merewood Apartments at 411 & 423 Despard Avenues in Parksville. We celebrated the grand opening with city representatives.

Both properties are owned by Skyline Apartment REIT, part of the Skyline Group of Companies, an asset acquisition, management, development and investment firm based in Guelph, Ontario.

Rental housing is in short supply in both Nanaimo and Parksville, with vacancy rates of 1% and 1.7% respectively. Both cities are he one of Canada’s fastest growing metropolitan areas. Uplands Terrace Apartments and Merewood Apartments have brought much-needed new rental housing stock to their respective communities.

“Building new purpose-built rental housing is very important to Nanaimo and this project will significantly increase the local housing supply,” said Nanaimo Mayor Leonard Krog. It’s exciting for us as the family will offer our city a great place to call home.”

Parksville Mayor Doug O’Brien similarly commented, “There is a clear need for new rental housing in most communities around Vancouver Island, including Parksville. This new development is a welcome addition to our community.” It’s a great addition and will provide more Parksville residents with housing options.”

R. Jason Ashdown, Co-Founder and Chief Sustainability Officer, Skyline Group of Companies, said:

“New purpose-built rental properties are a key component of our response to this crisis, and developments like Uplands Terrace Apartments and Merewood Apartments help meet this need.”

Both properties are managed by Skyline Living, which also manages the North Point Apartments located at 6971, 6973, and 6975 Island Hwy North in Nanaimo.

BJ Santavy, vice president of Skyline Living, said: “The grand opening of Uplands Terrace and Merewood Apartments will allow us to provide homes for more than 200 of his families on Vancouver Island.”

Built with sustainability in mind, Uplands Terrace and Merewood Apartments include several environmental features such as on-site EV chargers and community green spaces. Each suite features high-efficiency appliances and individual climate control.

At the grand opening, Skyline Living, Skyline Apartment REIT and development partners Denciti Development Corp. and District Group announced a total donation of $31,000 to two local nonprofits, Island Crisis Care Society and The Haven Society Did.

About Skyline Group 

The Skyline Group of Companies (“Skyline”) is a fully integrated asset acquisition, management, development and investment entity.

It consists of companies that provide real estate management and development, and clean energy management and development services.

Skyline currently manages over $7 billion across its real estate and clean energy platforms.

With more than 1,000 employees across Canada, Skyline creates safe, clean and comfortable places for tenants to call home, great places to do business, sustainable solutions and investments for a greener future. We work to bring you an engaging experience in your home.

Watch Skyline’s 20th anniversary video to see how Skyline is rooted in real estate, powered by people, and growing for the future.

For more information about the Skyline Group of Companies, please visit SkylineGroupOfCompanies.ca.

About Skyline Living 

As one of Canada’s most prominent apartment renters, Skyline Living exists to provide residents with a safe, clean and comfortable place to call home.

Providing housing to dozens of communities across Canada, Skyline Living leads the industry in customer service, environmental stewardship and community giving. We are committed to creating and maintaining thriving and vibrant communities for our residents, employees and the communities in which they live and work.

For more information about Skyline Living or to inquire about renting, visit SkylineLiving.ca.

Skyline Living is part of the Skyline Group Of Companies.