Projects Update

We are proud to share another major milestone for Elite Developments.
We have officially broken ground at Riverview - a family-focused community featuring an 81 freehold townhome subdivision, set amidst the picturesque countryside in Caledonia.

In our last update for the Riverview project, we shared that construction had commenced following the completion of site servicing and the receipt of initial building permit approvals. Since then, the project has continued to advance steadily through both the permitting and construction phases. As required for subdivision developments, building permits are being processed on a block-by-block basis. To date, building permits have been secured for Blocks 1A, 1C, and 4A, and permit drawings for all remaining blocks have been submitted to the County. The team is actively working with the County and expects to secure approvals for the balance of the blocks before the end of the year, further de-risking the construction schedule.

With site servicing now complete, construction activities across the approved blocks are progressing well and remain aligned with the project schedule. This staged permitting and construction approach allows for controlled execution while maintaining flexibility and capital efficiency as the development continues to scale.

We cannot wait to bring this beautiful townhouse community to life and deliver another exceptional project for our homeowners. Stay tuned for more updates as this vision takes shape! Thank you to the incredible team that has worked so hard to make this possible, and our purchasers and partners for their continued trust.

See more from our groundbreaking here:
https://www.linkedin.com/feed/update/urn:li:activity:7399131178298986496
https://www.linkedin.com/feed/update/urn:li:activity:7399527183318142977

Upcoming Milestones:

Building Permit Issued: In Progress (each block is done separately)

Timelines:

Official Plan Amendment: N/A
Zoning By-law Amendment: N/A
Draft Plan of Subdivision Conditional Approval: N/A
Draft Plan of Subdivision Approval: July 30, 2025
Site Plan Conditional Approval: N/A
Site Plan Complete Approval: N/A
Building Permit Issued: In Progress (each block is done separately)

All projected timelines are indicative and reflect current market conditions and planning assumptions. As with any development project, these estimates remain subject to change due to evolving regulatory, market, and construction environments. Accordingly, dates should be considered as targets rather than definitive deadlines.