The Construction Source

MAY 2021 place to live with a lot of potential,” says Marcela Corzo. “It’s our job to maximize that opportunity.” #MyBelmont is envisioned as a four-phase development. Three phases have been completed, with the third under construction now. The first phase was called ‘Crossing at Belmont,’ and was completed in early winter 2019. It comprised a collection of 156 premium rental homes with designer interiors, smart features, and pet-friendly amenities. It was purchased by Killam Apartment REIT, a Halifax-based residential landlord, and is now fully leased. Marcela describes it as “very successful, both from the developer’s perspective and the operators’ perspective.” While ‘Crossing’ was being built, Ledcor also pre-sold and built out their first condominium development, called ‘Belmont Residences West.’ That phase comprised 80 units of one, two- bedroom, two-and den condos. It was 100 percent sold out and then completed in April 2020, in the midst of COVID. “That was a great success,” Marcelarecalls. “Thecommunity really embraced it.” The third and ongoing phase is called ‘Belmont Residences East,’ a second condominium building, which will comprise 85 units of one-bedroom and two-bedroom condos. That building is 95 percent sold and has already exceeded Ledcor’s presales targets. “Again,” Marcela says, “that’s been very well received by the