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More seniors housing to be developed west of New Tecumseth



More seniors housing is coming to the Township of Southgate in Dundalk as FLATO Developments recently celebrated a ribbon cutting for its over-$20 million flagship adult living community, Edgewood Suites.

The 80-unit complex will feature bachelor, one bedroom and two-bedroom suites with a full kitchen and several amenities geared towards individuals who are over 55.

The development is meant to ease the demand for seniors housing in the area, said Shakir Rehmatullah, CEO of FLATO Developments.

"The demand is there, people need good seniors housing, which is affordable,” he noted. "People talk about it but nobody's going out of their way to say ‘lets make it happen – lets do it.'”

"The Township of Southgate was different, they welcomed us and they basically said, ‘Hey, this is something that the community needs,'” Rehmatullah added.

"Based on our research that whole area of Dundalk, Shelburne, Beeton, New Tecumseth… all these areas need good seniors housing which is affordable."

Currently FLATO has similar projects to Edgewood Suites in Beeton, Markham and Caledon.

“We are now looking at the possibility of doing something in the Township of New Tecumseth and do seniors housing, purpose-built rental – basically the province is saying to us to focus on those type of purpose-built rentals,” said Rehmatullah.

He stressed that “affordability is key” and much of FLATO Development's success can be attributed to their reasonable price point, which comes in at roughly $600,000 for single detached homes or mid $500,000 for townhouses.

The willingness from area municipalities to work with FLATO has been an important piece as well, Rehmatullah noted.

"I just want to thank the local municipality for working with us and... helping communities like Dundalk grow,” he said.

By Sam Odrowski
Local Journalism Initiative Reporter

 

 


Post date: 2020-08-13 18:55:26
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