Newsletter February 20, 2009
Issue 1
February 20, 2009
Development Update
Debra Waluk
We are pleased to report on the progress of our Studio NA development in downtown Nanaimo. My name is Debra Waluk and I am the Development Officer of TiGERi Properties Group. As such it’s my responsibility to both oversee the construction of Studio NA and ensure that all our buyers have a smooth closing and possession process when it’s time to complete their purchase. To keep you informed and up to date on Studio NA we intend to publish this Newsletter on a regular basis.
Since starting work on the site we have had to deal with some unforeseen weather and subsurface condition related delays, but we are confident we can make up the time in later stages of construction and bring the building in on time. As you can see from the photo work on footings and foundations is well advanced. The slab on grade (lowest parking level) will be poured sometime next week, followed shortly thereafter by the suspended slab that forms the upper parking level and commercial and live/work spaces. Framing is scheduled to start in March. Fully furnished display suites will be open sometime this summer for your viewing.
We’re very excited to be part of the newly revitalized downtown community of Nanaimo, and I personally look forward to meeting and speaking with all our buyers, members of the real estate community and the many people who have expressed interest in our project in the coming months.
Downtown Rising
Malcolm Johnson
Downtown Nanaimo has become the focal point of multi-family living in our City. At Coast Realty we can see that there’s been a major shift in the way our clients think about our downtown and harbourfront and the success of new multi-family sales is the evidence. Studio NA broke new ground and set records that Nanaimo has never seen before in pre-sales. Not only did 30 units sell out in just 3 days, but even more interesting is that 75% of the buyers were local. We even sold units to buyers from the North End of Nanaimo which until Studio NA was considered a top popular district. Our success at Studio NA has awakened us to a re-energized vision of our downtown and made us realize that it is well on it’s way to becoming the urban centre that it used to be. Studio NA is coming out of the ground with great support and excitement from and within every corner of our community.
