HALIFAX, Dec. 13, 2013 /CNW/ - Killam Properties Inc. ("Killam") is
pleased to announce that it has begun construction of Saginaw Gardens,
a luxury apartment building in Cambridge, Ontario. Located at 650
Saginaw Parkway the site is in the desirable east Cambridge Saginaw
neighbourhood with quick access to Highway 401 and in close proximity
to recreational activities, including shopping and restaurants.
Construction is anticipated to take 18 months with Saginaw Gardens
expected to be ready for occupancy in spring 2015.
The seven-storey concrete building will include 122 spacious
open-concept units with condo-quality features, including stainless
steel appliances, quartz countertops, in-suite laundry, ensuite baths,
large balconies and air conditioning. The building will also include
many amenities, including underground parking, a multi-purpose lounge,
a fitness studio, two large outdoor terraces and a games room.
Killam has engaged HIP Developments & Melloul Blamey Construction, one
of the Southern Ontario's largest construction firms, to be the
project's development and construction manager. "We are pleased to play
a role in creating a new landmark building in Cambridge with Killam",
says Scott Higgins, Vice President of HIP Developments. "Their focus on
long-term ownership and quality will be very evident in Saginaw
"We look forward to expanding our ownership in Cambridge, which remains
an attractive apartment market for Killam," noted Philip Fraser,
Killam's President and CEO. "We are optimistic about the development of
new rental suites in the city as the demand for high quality newly
constructed apartments continues to be very strong."
Killam Properties Inc., based in Halifax, Nova Scotia, is one of
Canada's largest residential landlords, owning, operating and
developing multi-family apartments and manufactured home communities.
Image with caption: "Killam Properties Inc. has begun construction of Saginaw Gardens, a 122-unit luxury apartment building in Cambridge, Ontario. (CNW Group/Killam Properties Inc.)". Image available at: http://photos.newswire.ca/images/download/20131213_C4549_PHOTO_EN_34965.jpg
SOURCE: Killam Properties Inc.
For further information:
For more information please contact:
Killam Properties Inc.
Dale Noseworthy, CA, CFA
Vice President, Investor Relations & Corporate Planning
HIP Developments Inc.
Scott Higgins, Vice President