Theyoung,provenentrepreneur is Stefan Ferrario – he ran a successful shipping company for many years before recently transitioning into commercial development. The renowned businessman is James Redekop – he’s the founder of Redekop Development Corporation (RDC), a company which has been operating since 1985, and which has developed approximately $400 million worth of real estate throughout BC. Together – and backed by an expert team of highly-skilled and dedicated professionals – James and Stefan have created a company that has quickly become known for delivering high-quality residential developments that enhance the communities in which they’re built. The company’s first project was a collection of condominiums in historic Downtown Abbotsford, called ‘Upper Montrose.’ That was a five-storey, mixed-use condo building that included over 100 residential units on the upper levels, with groundoriented commercial and retail, plus a few live-work units below. The residential units included a mixture of one-tothree bedrooms. The project sold out quickly. “The response was fantastic,” says Jess Dhillon, a key member of RFP’s management team. “We exceeded a lot of people’s expectations, both in terms of the absorption rate and in terms of the per square foot sales price. Any way you look at it, it was a success through and through.” Jess credits that market response to a number of key factors. Firstly, he points to the location – Downtown Abbotsford is an interesting, with a history dating back to OCTOBER 2022
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