"2012 HSC Regeneration Forum Case Study: After 40 years, the Manitou/Mulligan project in North Bay was just settling in – literally. Differential soils settlement had created diminished living conditions in 18 of the 72 townhouse units. Faced with excessive repair costs versus redevelopment, there was sufficient evidence to justify rebuilding these units. Apart from this immediate need, there was also a recognized opportunity to revitalize the entire project though site plan adjustments and the repair or replacement of other units. After developing a phased redevelopment plan and taking a hard second look at the project financials, one phase has been completed and another is going forward for preliminary approval. While significant financial hurdles still need to be resolved, plans are moving forward to redevelop and ultimately expand the project unit count."
Uploaded 6 years ago in Renewal of Assets