Building rendering from Grove Street in Barrie, Ontario.

Watch: Investment Opportunity – SkyDev Phase 1 Barrie LP

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Join Wayne Byrd, CFO, Skyline Group of Companies, as he sits down with Gregory Jones, President, SkyDev, and Carrie Lamarche, Vice President, Development, SkyDev, to discuss their latest development project: a transformative multi-residential development in Barrie, Ontario.

In this webinar, investors will gain a deeper understanding of SkyDev, and this exciting investment opportunity.

About the Project

The next phase of development for the SkyDev Phase 1 Barrie LP development, is to build two rental apartment towers (“Tower A and B”) on land fronting Grove Street West in Barrie. As the City of Barrie is experiencing tremendous demand for rental housing, we believe this is an optimal time to deliver much-needed rental units that should achieve strong rent and absorption.

The proposed development consists of 541 rental apartment suites with an indoor/outdoor central rooftop amenity space overlooking Lake Simcoe. The project has an anticipated construction completion timeline of 5 years 3 months and a targeted IRR of 20%1.

1 Development Internal Rate of Return (IRR) is the discount rate that makes the net present value of a project zero.

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