‘Smart Contribution Towards Addressing Provincial Housing Supply:’ Welland’s New 98-Suite Apartment Attracts Attention Of Canadian Business Journal, Ontario’s Housing Minister

GUELPH, Ontario, Canada, Oct. 11, 2022 (GLOBE NEWSWIRE) — Construction of a mid-rise condominium at 160 Lancaster Drive is complete, with 98 new rental suites in Welland, Ontario.

On August 25, the Skyline Group of Companies, along with project partners and building residents, celebrated the grand opening of Lancaster Park Apartments with Welland Mayor Frank Campion and City Counselor Tony DiMarco.

At the breakthrough point in September 2020, Welland was facing a low rental housing vacancy rate of 2.8%. The Lancaster Park Apartments development was highly anticipated as it would bring much-needed new rental housing stock to the city.

“We recognize the need to diversify our offerings to meet the needs of today’s housing market, and this development reiterates that commitment,” said Mayor Frank Campion. .

“Families who are here today and those who are looking to call Welland home in the future will quickly see value in a project like this.”

book. Commenting on the completion of the development, Ontario Minister for Municipal Affairs and Housing Steve Clark said: The development of Lancaster Park Apartments is a great example of an infill project, maximizing the use of available land while providing much-needed housing options to Welland citizens. The project will significantly increase local and rural housing supply. ”

book. Ontario’s deputy minister for housing, Michael Pursa, added that this and similar developments will not only meet a key need for housing, but will also spur further economic development in the region.

“Building new rental housing is essential to boosting our economy, attracting new workers, strengthening local businesses and ensuring the prosperity of communities across our great state. The Lancaster Park Apartments project will help create good jobs and provide more families in Welland with a great place to call home,” said Minister Parsa.

Tony Irwin, President of the Ontario Rental Home Suppliers Federation (FRPO) commented: This is an example of how developers, city and project partners work together effectively to provide the right type of housing to the Welland market at the right time. FRPO congratulates all parties on the successful completion of Lancaster Park. ”

Greg Jones, president of SkyDev, who facilitated the development, said:

“The challenges of 2020 did not prevent us from embarking on this development that year. We are proud to have provided new living spaces for nearly 100 families in this city.”

Lancaster Park is now managed by Skyline Living, which manages two buildings in Welland, including 100 Lancaster Drive, which adjoins the new development. The development is owned by Skyline Apartment REIT.

Built with sustainability in mind, the development has several environmental features, including on-site EV chargers and community gardens. This highly efficient, all-electric building utilizes Welland’s renewable hydroelectric and solar energy systems.

At the grand opening, Skyline Living, SkyDev, VanDel Construction and SRM Architects also announced a cumulative donation of $20,000 to The Hope Center, a local nonprofit that helps individuals facing housing and food insecurity .

“Lancaster Park Apartments were immediately welcomed to Welland and we are confident they will offer real value in the city’s multifamily market,” said BJ Santavy, vice president of Skyline Living.

“We are currently working on developing our sister building in the city, Pelham Junction Apartments, which will begin pre-leasing ahead of winter 2023.”

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.

About SkyDev

SkyDev is a real estate development and construction supervision company. Provides new residential, industrial, retail and mixed-use developments to communities across Canada.

From conceiving a new project, to shoveling the ground and finally occupying it, SkyDev helps people live and work with sustainable features that reduce waste and conserve environmental resources for future generations. , is developing an excellent space for shopping.

SkyDev’s mission is to be the developer of choice among stakeholders who demand the highest standards of energy efficient building and service excellence. Taking full advantage of his 20+ years of experience with the team in the Canadian real estate industry to create and develop rich and influential communities.

SkyDev currently oversees the development of approximately 4,000 new residential apartments and 2 million square feet of industrial space across Ontario.

For more information about SkyDev, visit SkyDev.ca.

SkyDev is part of the Skyline Group Of Companies.

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