Construction Progress: Building Momentum
We’re pleased to report that construction at Collinson Rise has continued to progress steadily since our last update. The lower foundation and underground parking structure are nearly complete—a solid base, both literally and figuratively, for the project’s next phase. The suspended slab formwork is advancing well, and the first concrete pours for the grade-level parking structure are underway. The ramp leading to the lower level is also complete, paving the way for the next stages.
Looking ahead, the timeline for pre-framed panels has been finalized, with initial wood wall deliveries expected in May. To provide a more interactive view of progress, we’ve made the visual “Construction Tracker” report available for download via the link below. It includes up-to-date photos and progress charts for each construction area.
Sales Update: Steady Wins the Race
The project continues to attract buyers. Since September 1, 2024, an additional $1.2 million worth of condos have been contracted for sale. We remain in a “tempo” sales mode—consistent, measured, and efficient. This approach ensures that we maintain healthy momentum while avoiding premature overspending on marketing.
Our team anticipates that as interest rates settle into their new, more favourable range—whatever that exact level may be—the current buyer hesitation will disappear. With the continued decline in rates, we’ll align sales efforts with increased demand while staying disciplined in our marketing spend. Once the project reaches the “lock-up” stage—when all windows are in, and the roof is on—we’ll finalize and execute the strategy for the last sales push.
Timeline Update: Clarity on the Horizon
Several investors have asked for a more precise timeline for project completion. While construction is progressing well, a more accurate forecast will be possible once wood framing for the condo units is underway, and concrete work is fully completed. This milestone will give us the clarity needed to project a realistic end date.
We appreciate your continued support and look forward to sharing the next update before summer. The project will continue moving forward, with every nail, panel, and pour bringing us closer to the finish line.
Sincerely,
The NAHF Team
