Developer looking for buyers before building Melfort retirement home

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Lutz said there were about 80 people in attendance, which allowed Caleb Group the opportunity to outline the process of developing a project such as this and discuss other projects completed by the company.

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Once Caleb Group outlined some of the services that would be available at the facility, people had a chance to ask questions.

Next, their focus is getting enough people interested in buying or renting one of the retirement community’s 94 units. 

“Right now, Caleb are seeking expressions of interest from people in the public who would be interested in purchasing condominium units in the project,” said Lutz. “They’re also talking to people who are interested in renting once the property has been constructed.

“They require sufficient expressions of interest before they can proceed to the construction phase.”

Lutz said Caleb Group plans to sell approximately one-third of the units and rent the rest. While there was no specific number given, he expects there would need to be significant interest in the units for sale before construction could begin.

Lutz said Caleb Group is now looking at a spring construction start, providing there is enough interest.

“The independent senior’s village model is something that is very much needed in the community,” said Lutz. “There’s been a lot of people that have come to the city administration seeking our efforts to bring this type of development to the community.

“We’re really hopeful people will take advantage of the opportunity now that it’s presented itself.”

jsperling@jpbg.ca

On Twitter: @jnsperling