Projects Update

In our last update, we noted that our development team was working on refining project details for the Shaver project.

Now, due to evolving market conditions, we’ve transitioned the Shaver project to a freehold townhouse product with larger units. This change has triggered a Zoning Compliance Review, which is currently underway. All revised drawings have been submitted and are being coordinated with our consulting team.

Once the review is complete, we will proceed with the Site Plan Application (SPA) and aim to begin construction as soon as approvals allow. The site plan has been thoughtfully updated, with each townhouse now featuring a private garage and driveway, adding both convenience and long-term value for future residents.

Upcoming Milestones:

Zoning Compliance Review: In progress

Timelines:

Zoning: Completed
SPA: Q4 2025
Building Permit: Q2 2026

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.