Sales:
-1 unit in contract.
- Broker team listed one unit under the market price to generate high demand and competitive bidding. Offer deadline next Tue. Expecting to sell 2-3 units via this process.
- Finalizing contract with private mortgage banker to pre-approve all offers.
Financing:
-Working with the lender for a 3-month extension and addition of interest reserves.
Construction Progress:
-Building 1: All 5 units are finished inside and outside.
-Building 2: All 4 units are in finishing (post drywall) Team is working on cabinets, interior doors, flooring, etc.
-Building 3: All 4 units are almost ready to be finished. Rough Fire, Plumbing, and Electrical have passed. HVAC sub is working on wrapping up and expects to pass all trades by next week. Following that, the team will work on insulation and drywall, getting into finishing.
-Building 4: All 3 floors are framed. The team is working on completing the roof framing. Rough trades will begin immediately upon framing completion.
Common areas:
-Offsite wet and dry utilities are completed.
-Street abandonment of old services are in progress (new requirement by the city).
-On-site underground services - storm, sewer, water, fire hydrants, backflow preventors are completed. The team is about to install water meters and pave the common driveway. After that, the common areas landscaping, hardscaping will be completed.











































