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, the Courts is the third development on the campus of the Bethany residences. The Courts is an attractive Seniors’ lif life le lease BACKGROUND devel de 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.
La Layouts - site location | specific layouts - with minor customization In Inclu lusio ions NEW SUITES - unit finishes | optional upgrades & FINISHES Exclus Ex usions ns - appl applianc ance pac package age | | financ nancing ng Pr Pricing - under market value
Ma Maintenance Costs - $0.502/SF - Ex. 1,500SF suite = $753. $753.00/ 00/month OPERATING COSTS TV TV Cable - $42. $42.09/ 09/month 2019 Hy Hydro - current average suite ($ ($50.0 .00/month) - cost influenced by many factors
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% FINANCING - Commencement of Underground Parking – 20% - Closing – 5% No Note: Private financing available upon request
Wh What at is being revitalized? Interior common areas including hallways, atriums, lounges, exercise room, and guest suite FUTURE REVITALIZATION Where energy efficient products can be installed as part of this project, then that will be pursued PLAN as an additional source of reducing the annual operational budget for the Courts
Bu Building Per ermit Su Submission on | | Approval al – TBD Con Construction on Com Commen encem emen ent – TBD SCHEDULE Con Construction on duration on – 17 month duration Con Construction on Com Completion on – Anticipated Fall 2021
Qu Ques estion ions THE COURTS – NEW PENTHOUSE SUITES MICHAEL DA SILVA – 416-909-6536 MIKEJR@BLACKTHORN.CA
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