Bentall Kennedy plans to break ground by June of this year on a 654-unit luxury-apartment complex on 6th Avenue between Lenora and Blanchard. The complex will be completed in 2013.
They have identified our market and the timing to be perfect as it is anticipated that we will experience a spike in rental rates over the next couple of years. They have also determined that although material costs are on the rise, contractors are competitively bidding for projects in order to secure work for the next couple of years.