Thursday, 19 May 2016

Impressive 325 Lakeview apartment complex under construction

L & B Canada ownership group says occupancy will be January of 2017
Built by Sierra Construction, L-shaped structure is 5 stories and includes more than 100 units

By Mark Schadenberg
Woodstock is growing in many areas, including a brand new 5-storey apartment rental building on Lakeview Drive (west off Highway 59).
The City of Woodstock agenda for city council on Feb. 18 noted the overall building permit numbers for 2015, and three specific residential projects were given top billing in the report from Craig Wallace at the engineering office – the Sally Creek apartment building (our subject today), a second apartment building by TriCar at Finkle and Juliana, and the Goodman condo complex on Munnoch.
I’ve talked about many construction projects in past writings, including the impressive new apartment building at 325 Lakeview Drive in Woodstock (In the Sally Creek neighbourhood, but located across street from the area defined as the adult-only lifestyle community), which is the rising up to its five floors thanks to the efforts of a Woodstock builder -- Sierra Construction.

Picture taken: MAY 18
It must be noted that when the tenants begin moving in around mid-January of 2017, the 103-unit apartment complex will be owned and managed by L&B Canada and will simply be titled ‘The Park’.
Michael Loewith, who is both part of the L&B Canada team and a Toronto-area Realtor, told me by phone last week that the name ‘The Park’ was selected due to the overall appearance of the city’s David Lowes Memorial Park immediately to the west of this new residential complex.
I’ve written about this construction site in the past and posted pictures when only servicing work had started (link below), but now a website is in place (www.landbcanada.com) with many floor-plan layouts depicted, and the building itself is truly taking shape with its final appearance noted on the website.
With myself parked at the side of the road on my cell phone, Loewith fondly talked about this new addition to the Woodstock residential landscape, explaining the abundant size of each unit and the quality of finishings to impress the future tenants.
Rent costs have not been finalized, but will certainly vary based on the size of each apartment and additional factors such as view. Rates will begin in the range of $1,300 monthly.


The smallest apartment will be a 1-bedroom of more than 900 square feet. Loewith says the idea is to provide ample space – as is a desired preference by the expected clients of empty-nesters.
The building will be geared to the mature adult age bracket, but will actually not be affiliated with the Sally Creek adult-only community and its recreation facility on the south side of Lakeview (across the street; see the map).
Each apartment will include 6 appliances (stainless steel appliances for kitchen) and quality light fixtures.
Loewith noted that billboard advertising to begin the promotion of taking names of future possible tenants, along with newspaper ads will begin in June, and they will soon set up a marketing office to field enquiries.
“Each apartment will have high-end finishes. I know there are $800 chandeliers to be installed in the dining area,” said Loewith, adding flooring will be mostly hardwood and ceramic tile.
The kitchens were described to have a large peninsula countertop with a breakfast bar idea.
“We want these apartments large enough, so people moving in can bring their current furniture with them. The dining room will be large enough for a dining room table, chairs and their hutch,” Loewith added.


The premise is that in the Toronto area some apartments are built to be only about 600 square feet for a 1-bedroom setup, and Loewith realizes people want amenities such as walk-in closets and certainly additional living space compared to some newer buildings.
“Each unit will be bright, and not long and skinny. Every room – except for the bathrooms – will have a window,” says Loewith.
One of the reasons why the building is L-shaped is to provide for more windows and a more open feel with two well-lit long hallways on each floor.
Besides elevators, the building’s additional amenities will include a recreation room, which could be booked for family gatherings or could host card nights, potluck dinners and movie nights. There will also be a storage area, and a gym in the basement, but no pool.
Unique about the L &B concept is that they will maintain at least three furnished guest suites, so that when your visitors arrive from out-of-town they can stay (for a fee certainly) in their own short-term-rental apartment.
Loewith admits a vast majority of the occupants will be selling their family home to down-size to 325 Lakeview.
“We tried to design something which will be the perfect fit for the empty-nester,” he said.
My previous blog, which was published in November, noted a lot more details about Sally Creek, it’s history and focus, along with more background on Sierra Construction which continues to be a significant developer in Woodstock and the surrounding area. Sierra, for example, built the brand new fire station in Thamesford, but the company is also the developer in the process of transforming the old McCormick factory property on Dundas East in London.
     


LINKS:
WOODSTOCK CITY COUNCIL - Agenda item from Feb 18


Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty Brokerage
Independently Owned & Operated, Brokerage
757 Dundas St, Woodstock
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

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