HALO Advisory and LaCaban Developments Announce New Multi-Family Development in Area of ​​Durham, Canadian Business Journal

TORONTO, Oct. 25, 2022 (GLOBE NEWSWIRE) — HALO Advisory Inc. today announced a new multi-family redevelopment project in the rapidly growing block of Durham area townships. In the proposed development, a former retirement home known as Dre’s Lodge will be redeveloped into a much-needed apartment complex in the rapidly growing population of the Durham area.

The project aims to offer a mix of one and two bedroom apartments to provide a modern residential living experience in the emerging Uxbridge area. A Toronto-based company is preparing plans for the city to repurpose underutilized commercial real estate assets.

HALO Advisory CEO Stephen Thomas has launched a deal to repurpose a building on behalf of a property owner after a nursing home was forced to close. “This transaction is an opportunity to work with a builder with an excellent reputation and proven track record of building quality projects in the Toronto metropolitan area,” said Thomas. “There is no doubt that this project will be welcomed to the area and will provide the housing needed to accommodate the influx of new residents moving into townships in the Block and Durham areas.”

“The challenge we faced as owners of Dre’s Lodge was an organizational one, so we decided to close the operation as a family and repurpose the building,” said owner Andrew Dixon. I’m here. “We have an excellent track record with over 30 years of experience in the care industry. increase.”

LaCaban Developments is a luxury builder that combines unique architecture with eco-friendly building materials to promote sustainable living. The portfolio of successful developments includes Camlaren Crescent Custom Homes in Kleinburg, The Jewel on Athabasca in Vaughan, and the upcoming Clapham Row & Crediton Pkwy Townhomes in Hamilton and Mississauga.

“A home is one of everyone’s most valuable possessions. Precious possessions should be cherished, valued and loved. Ladkrabang brings luxury to the standard in multifamily spaces. Now every homeowner, whether renting or owning, can have a home to be proud of,” said Tayo Omosehin, CEO of LaCaban Developments Inc.

For HALO, this recent transaction represents a new opportunity to apply its advisory approach to commercial mortgage brokers. HALO Advisory Inc. CEO Thomas said: We offer our clients and business partners to truly simplify the financing and development process for property owners who want or need to relocate their buildings to their best and best use. “

Hello Advisory Co., Ltd.: HALO Advisory is Canada’s leading commercial finance company and consists of HALO Advisory Inc. and TMG Black Capital. License number 13348. HALO provides real estate advisory services and arranges commercial mortgages for small businesses, commercial real estate developers and investors. Interested in investing in commercial mortgages across Canada.

Ladkrabang Development Co., Ltd. Tarion is a builder and developer focused on providing quality homes. LaCaban has successfully delivered over $50 million in luxury custom homes and low-rise projects since 2015 and is known for sophisticated design and the integration of cutting-edge technology into homes.

Stephen Thomas
Hello Advisory Co., Ltd.
416 995 2082
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eb7f81ce-3cf3-4c15-a88f-d6741c7ca17c.

CBJ Newsmaker