The City of Nanaimo has received a development permit application from Highstreet Ventures Inc. proposing the construction of 172-unit multi-family rental development near Long Lake at 4800 Cedar Ridge Place.
According to The Nanaimo Bulletin, the development will be energy efficient with high-efficiency windows, water fixtures and solar panels. Wilson said she anticipates the building receiving platinum certification by Built Green Canada. She said Highstreet Ventures is aiming to own $200 million worth of net-zero real estate by 2024.
“What net-zero means is basically, you produce as much as you consume in energy and electricity, so it is a pretty lofty goal … but for us though, it is the right thing to do.”
Highstreet Ventures company hopes to begin construction in February and be open in 2020, provided it receives approval from city council, according to Wilson, who said they the company may consider other projects in Nanaimo down the road.
Hi, I’m Jeff Wood and I love living in Nanaimo! And I love helping people make their move!
My wife and I moved to Nanaimo from Richmond in 2015, after raising our two kids there. We brought along our two precocious Border Collies; Jake and Cochise, who are sure they moved to Doggy Disneyland in the process. We live in Upper Lantzville and love it!
Before becoming a Realtor, I was a professional investor owning 8 multi-family properties with 24 tenants. I also spent 20 years as an Executive Headhunter, finding talented people for Fortune 500 clients in the USA and Canada. In that role, I functioned regularly as a professional negotiator, working with both sides to create a win win scenario. I also helped candidates relocate to start their new jobs and thus I have a lot of relocation experience.
Now as a realtor I apply all of these hard earned skills to the benefit of my clients, whether they’re buying, or selling, delivering results that move them!