Work will start Monday on a new 37-unit
residential development on Granville Street,
on land next to the new Prince County
Hospital. APM, P.E.I.'s largest
commercial development firm, will act as
project manager for the development, which
is expected to be completed sometime in the
summer.
It's cost is pegged at approximately $2.8
million.
Donna MacKay, manager with Enterprise
Venture Group, which is constructing the
building, says there have already been three
inquiries from potential tenants prior to
the project's announcement Friday.
She said the units are targeted at
"high-end" renters, including professionals
and seniors.
Enterprise Venture Group's President, Eric
Johnston, says the booming Summerside
economy makes the project a good fit for the
city.
"The Summerside economy is really booming
and residents are excited about the
new developments. Our project fits very well
with all of this activity and offers
residents first class housing in a very
desirable part of the city."
Some of the project's features include
designer decor, brand name appliances,
balconies, elevators, and reserved and
visitor parking.
MacKay said there has been a mounting demand
among the seniors' population for this type
of housing, which offers a range of
apartment styles, featuring top-notch
materials and innovative designs.
MacKay said the location couldn't be better,
since the project will be sited within
walking distance of the new hospital, a
medical clinic, grocery stores and malls.
Many seniors, who wish to leave their homes,
want to move into apartments that offer the
latest amenities including several
appliances, such as washers and driers.
Seniors who can't drive, want to make sure
they have access to medical institutions and
shopping, without having to arrange
alternate transportation, said MacKay.
In a news release Johnston stated APM has been an invaluable partner on
several projects.
"Their design abilities and building methods
will make our project one of the best
quality residential developments in the
province. This will be a high-end
development that many Summerside residents
have been seeking.
Johnston stressed Enterprise Venture Group's
strong Summerside roots.
"We are a Summerside firm and we believe
this project will do our city proud. Our
company does everything first class and
these apartments are no different...We are
thrilled to be investing in our community,
providing choice to residents and helping to
create more jobs in the area.
