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The Courts
4TH FLOOR EXPANSION – SALES STAGE
table of content
BACKGROUND NEW SUITES & FINISHES OPERATING COSTS FINANCING REVITALIZATION SCHEDULE NEXT STEPS QUESTIONS
The Courts 4 TH FLOOR EXPANSION SALES STAGE BACKGROUND NEW SUITES - - PowerPoint PPT Presentation
The Courts 4 TH FLOOR EXPANSION SALES STAGE BACKGROUND NEW SUITES - - PowerPoint PPT Presentation
The Courts 4 TH FLOOR EXPANSION SALES STAGE BACKGROUND NEW SUITES & FINISHES table of OPERATING COSTS FINANCING content REVITALIZATION SCHEDULE NEXT STEPS QUESTIONS Situated in beautifully landscaped gardens in East Unionville,
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Situated in beautifully landscaped gardens in East Unionville, the Courts is the third development on the campus of the Bethany residences. The Courts is an attractive Seniors’ lif life le lease de devel elopm pmen
- ent. It consists of 72 suites
designed for independent living. Two atriums, each rising 3 floors high, one with a water feature and garden furniture and provide a place for rest and relaxation.
BACKGROUND
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La Layouts
- site location | specific layouts
- with minor customization
In Inclu lusio ions
- unit finishes | optional upgrades
Ex Exclus usions ns
- appl
applianc ance pac package age | | financ nancing ng Pr Pricing
- under market value
NEW SUITES & FINISHES
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Ma Maintenance Costs
- $0.502/SF
- Ex. 1,500SF suite = $753.
$753.00/ 00/month TV TV Cable
- $42.
$42.09/ 09/month Hy Hydro
- current average suite ($
($50.0 .00/month)
- cost influenced by many factors
OPERATING COSTS 2019
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Pa Payment Schedule
- Letter of Intent - $10,000 Deposit (t
(to secure suite)
- Right to Occupy Agreement – 20% less deposit
- Construction Commencement – 15%
- Installation of Roof – 20%
- Completion of Rough-ins – 20%
- Commencement of Underground Parking – 20%
- Closing – 5%
No Note: Private financing available upon request
FINANCING
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Wh What at is being revitalized? Interior common areas including hallways, atriums, lounges, exercise room, and guest suite Where energy efficient products can be installed as part of this project, then that will be pursued as an additional source of reducing the annual
- perational budget for the Courts
FUTURE REVITALIZATION PLAN
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Bu Building Per ermit Su Submission
- n |
| Approval al – TBD Con Construction
- n Com
Commen encem emen ent – TBD Con Construction
- n duration
- n – 17 month duration
Con Construction
- n Com
Completion
- n – Anticipated Fall 2021
SCHEDULE
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Qu Ques estion ions
THE COURTS – NEW PENTHOUSE SUITES MICHAEL DA SILVA – 416-909-6536 MIKEJR@BLACKTHORN.CA