Occupancy expected -- in rental building -- to be spring of 2017
Woodstock continues to grow with another massive construction project now underway
By Mark
Schadenberg
Have you seen the
bulldozers and massive digging equipment on Finkle Street in
Woodstock? The movement of earth across the street from the hospital?
Woodstock continues to
grow. I'm not sure what the final price tag on the building permit
issued to Tricar, but the always-expected twin apartment building is
now under construction.
I would say the
existing 8-storey structure with 119 units is now about 6 years old
(I found an old county council agenda referring to the project in
2009 as then under construction), and London's Tricar (Carapella
family) is preparing for its neighbouring building right now.
“It will essentially
be a mirror image of the first building,” said Adam Carapella by
phone, adding it too will be 8 stories with 119 units and
all will be rental.
I truly believe there
is a market in Woodstock for high-end apartment condominiums as our
aging demographics indicate that retired people would prefer to own
an investment in real estate rather than pay rent, but that's a tale
for another day.
The London-based Tricar
has built dozens of similar buildings, plus much larger condo high
rises such as the Renaissance pair across from the Budweiser Gardens
in downtown London, and the construction site on Ridout South in
London for the Villas Of Wortley 4-storey condo apartments.
In London's southwest
at Southdale and Wonderland, the Westmount Estates 3 phases dominate
the skyline.
When you also factor in
the Waters Edge development in Sarnia and significant construction
projects in both Stratford (See link below) and Guelph, you can
quickly see that Tricar is most certainly a major player in southern
Ontario for building in both the medium and high density zoning
definitions. The company website notes that since 1986, they have
built 49 buildings, so guessing that the site is updated regularly,
could Woodstock be building 50?
The Woodstock Juliana
Place apartments are most certainly high end for our community and
the second building will be more of the same.
However, don't call
them today to book your place as occupancy is expected to be the
spring of 2017.
Building Number One
The south section of
Woodstock is an important positioning move for Tricar as they are
across the street from the hospital and both Cedarview and
Woodingford retirement homes, plus they are near the community
complex, Southside Park and pool, Cedar Creek 9-hole golf, the
regional commercial node (WalMart, Canadian Tire, Mark's Work
Warehouse, Penningtons, Staples, Reitmans, Sport Chek, No Frills,
Winners, Home Depot [hidden behind WalMart] plus others, and about 15
restaurants). Quick access to the 401 and 403 are important whether
you're an empty-nester or a large family.
From www.tricar.com:
()()()()()()()()()()()()()()
We
want our reputation to speak for itself. Our growth is a testament to
that.
We
create developments that provide value to our residents, stimulate
and provide growth within the community, revitalize downtown cores
and respect the environment. Known for a product that’s elevated
from the ordinary and people passionate about delivering truly
outstanding, personal customer service, we pride ourselves in
building quality lifestyles for real people.
All
of our success is a further testament to our extraordinary staff.
They are our best asset and our strength and together we are leaders
in innovation, safety and environmental standards.
With
an exceptional wealth of development, design, construction,
marketing, sales, rental and support management experience to call
on, The Tricar Group promises you nothing less than a spectacular
home and an exceptional experience.
The
Tricar Group was honoured to be awarded the Ontario High-Rise Builder
of the Year as recognized by the Tarion Warranty Corporation’s
(both) 2014 & 2015 Awards of Excellence. This award is the home
building industry’s most coveted award for customer service. The
award recognizes new home-builders based solely on the homeowners’
satisfaction with their customer service delivery.
()()()()()()()()()()()()()()
With
current building as 505 Finkle, can it be concluded that the new
structure will bear the address of 515 Finkle?
Buildings like this
take a long time to come to fruition, so it will be important to add
the Juliana / Finkle intersection to my regular travel routes around
the city.
Contact:
Tricar Group
3800 Colonel Talbot Road
London, Ontario
519 652-8900
Email: ttg@tricar.com
Twitter: @tricargroup
WOODSTOCK'S SIERRA CONSTRUCTION
If you're thinking
about relocating to Juliana or another exciting construction project,
which is the new 4-storey apartments soon to be built on Lakeview on
the west side of Highway 59, or any existing multi-residential
building, call me first to assist in selling your home. As you can
see by sifting through my blog site, I not only live in Woodstock, I
also care about this community now and its future.
Later this month,
Sierra Construction will break ground on a 5-storey apartment
building in Sally Creek with a planned 106 units. Read more about
this construction site in another October entry here at:
www.markroyallepage.blogspot.com
MUSTANGS FOOTBALL
A quick aside – fond
memory.
Many reading this entry
will know that I am a part-time broadcaster for Rogers TV, including
the London Knights games currently (See picture below after Knights
won 2013 OHL title). With that in mind, one of the best Western
Mustangs football players when I did play-by-play of Mustangs home
games was a defensive back (free safety?) named Matt Carapella. My
Rogers ladder not only included walking the stadium steps at Western,
but also play-by-play for London Majors baseball, Delaware Speedway,
and Woodstock Navy Vets junior hockey.
LINKS:
www.cometothecrossroads.com
www.cityofwoodstock.ca
July 2012 blog from
myself:
Mark
Schadenberg, Sales
Representative
Senior
Real Estate Specialist (SRES designation)
Royal
LePage Triland Realty
Brokerage
757
Dundas St, Woodstock
(519)
537-1553, cell or text
Email:
mschadenberg@rogers.com
Twitter:
markroyallepage
Facebook:
Mark Schadenberg, Royal LePage Triland
Discussion
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