Harlo Capital and a partner, acquired 0.8 acres in Kitchener, Ontario to build a residential condominium. The partnership saved a total of $7.3 million due to its strategic location in the development charge exempt zone in downtown Kitchener. After selling nearly 70% of the units during the first month of sales, we approached the City of Kitchener to negotiate two further density increases, which resulted in an additional six floors and 86 units. Construction began in the first quarter of 2019.
GFA: 359,012 SF