This afternoon Forest Development Group and I signed a listing agreement for their new development at 2429 Ontario. The team and I are really excited about their new line of eco-friendly development catered towards the knowledgeable consumer. Our plan is to differentiate the product by building with not only comfort but with the environment in mind as well. Dwellings will have five single floor flats and two duplexes with private rooftop decks possibly complete with gardens and an active irrigation system that not only collects water to help the gardens on the roof but the common elements in front and behind the building. Pricing is going to start at around $550 per square foot and four deeded parking spots will be available for purchase.
The parties involved in the project are:
Developer: Forest Development Group
Project Management: Delgado & Associates
Graphic Design: Joe Velasquez
Printing: Dynamic Advertising Solutions
Sales & Advertising: Ken Taylor Real Estate & ME!
Construction Loan: Builders Bank
In House Lender: BB &amp;amp;amp;amp;amp; T
Title Work & Settlement: Paramount Title
Under the current zoning FDG plans on utilizing 2000 sq ft of the lot and a total construction area of 8000 sq ft. Its going to be a wonderful project. In my opinion the key to a successful introduction and overall sellable project will be differentiation between the effort FDG is placing on their construction vs the competition. In addition we are going to be working on developing a core brand for FDG and their upcoming line up of future development. Tomorrow I’m going to put up an area map and start uploading video news about the progress of the project and our competitive advantage over the rest of the market.
The address is zoned R5B, meaning the building has no side setbacks, no minimum lot sizes and no minimum lot width. Additionally it can be up to 50 feet tall with no limit on the number of stories but can occupy up to 60% of the lot itself.
Expected Release: Spring 2008