Thursday, April 06, 2006

$30 Million, 5-star Retirement Residence in Ottawa, Westboro Park

Westboro Park, located 10 minutes west of Ottawa's downtown core at 495 Richmond Road.

Westboro Park will be a $30 million, five-star retirement residence, comprising approximately 140 suites, including a 29 suite assisted living floor. During the design and construction phase of the development, company will earn design and marketing fees totaling approximately $900,000. The Company will also receive a marketing bonus based on the number of suites leased during the first year of operation.

What kind of seniors' housing it would be? The price of one unit is around $215,000


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