his brother Lucas. Arsenault Bros Construction was founded by their father Carl roughly 35 years ago, and Tops to Floors is another longstanding company they acquired roughly four years ago. Under the Arsenault Properties’ banner, David focuses on constructing and managing mid-market residential buildings from the “ground up.” They currently have 124 units under their management, all of which took from land rezoning to acquisition to construction to property management. They also currently have another 86 units under construction. Beyond that, they have about 230 more units in the pipeline, which David expects to fully develop within the next four years. The company’s properties range widely in size and include everything from six-unit buildings to 70-unit buildings. As they are in a small market – and on an island on top of that – David says they have to be relatively flexible. “If it makes sense financially, and it makes sense schedule-wise, we’ll do it.” No matter the size of the building, however, David believes their product always stands out from a value perspective. “We’re very budget conscious,” he says, “and we have the vertical integration to do a lot of our work in-house. We can supply and install a lot of our products. We do our maintenance work, we do our own flooring, dry walling, and framing, and we do our own property management. We use that capability to our advantage and that’s reflected in the pricing we offer our customers.” THE CONSTRUCTION SOURCE CANADA
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