Skyline holds grand opening for Southfield Green in Tecumseh
[Guelph, Ontario – September 18, 2024]
On September 18, 2024, project partners, alongside Tecumseh Mayor Gary McNamara and Deputy Mayor Joe Bachetti, celebrated the grand opening of Southfield Green Apartments, a new residential development in the town of Tecumseh, Ontario, bringing 142 new rental suites to the community.
“Southfield Green is a welcome addition to our community,” said Mayor McNamara. “In the last few years, we have seen an ever-increasing need for housing. Building new, purpose-built rental homes is critical to meeting this demand. We are excited to celebrate the grand opening of Southfield Green, which offers more families a place to call home in our town.”
Southfield Green is owned by Skyline Apartment REIT, developed by SkyDev, and managed by Skyline Living, – three divisions of Guelph, Ontario-based Skyline Group of Companies.
Skyline manages a total of 299 suites across three buildings in Tecumseh, including 11873, 11886 and 11917 Tecumseh Road East, adjacent to Southfield Green.
Demand for multi-residential housing continues to grow across Canada, not only in urban centres, but also in secondary communities like Tecumseh. The Windsor-Essex region, which has seen rapid population growth over the past two years, faces a severe shortage of rental housing, with a vacancy rate of only 2% as of 2024.
“Ontario’s lack of housing supply has hit crisis levels, and as a prominent rental housing provider in Ontario, we have a keen understanding that we need to deliver more inventory where it is needed most,” said R. Jason Ashdown, Co-Founder & Chief Sustainability Officer, Skyline Group of Companies.
“New, purpose-built rental supply is a key component to addressing this crisis and projects like Southfield Green will help to fulfill this need.”
Tony Irwin, President and CEO, Federation of Rental-housing Providers of Ontario (FRPO), stated, “New developments like Southfield Green are crucial in the current market, where we are continuing to see high demand for new rental housing supply across the province. This project is a significant addition to the local housing supply.”
“We are thrilled to see Southfield Green come to fruition and offer 142 new homes in the Windsor-Essex area where Skyline is well established,” said BJ Santavy, Vice President, Skyline Living.
“Our commitment to providing our residents with a high-quality and enriching rental living experience makes Southfield Green not just another apartment complex, but a close-knit community.”
At the grand opening, Skyline Apartment REIT, Skyline Living and SkyDev also announced a cumulative $5,000 donation to Windsor Goodfellows, a local non-profit organization that provides support for families in need.
Southfield Green is comprised of two four-storey buildings and features exceptional on-site amenities, including an indoor/outdoor social lounge and fireside terrace, a dog run, and an on-site gym and yoga studio. The site is well located within walking distance to parks, grocery stores, restaurants, and transit.
Further, the property features several sustainability features, including on-site EV chargers and a community garden. To find out more about the property, visit SouthfieldGreen.ca.
About Skyline Group of Companies
Skyline Group of Companies (“Skyline”) is a fully integrated asset acquisition, management, development, and investment entity.
It is comprised of companies that provide services in real estate management and development, as well as clean energy management and development.
Skyline currently manages more than $8.23 billion across its real estate and clean energy platforms.
With approximately 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.
View Skyline’s 20th Anniversary celebration video to see how Skyline is grounded in real estate, powered by people, and growing for the future.
For more information about Skyline Group of Companies, please visit SkylineGroupOfCompanies.ca.
About Skyline Apartment REIT
Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.
Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2006).
Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Apartment REIT, please visit SkylineApartmentREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealthManagement.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.
About SkyDev
SkyDev is a real estate development company that is part of Skyline Group of Companies, a fully integrated asset management, development, and investment entity.
From new project ideation, to putting shovels in the ground, to final occupancy, SkyDev is developing exceptional spaces to live, work, and shop, with sustainable features that reduce waste and conserve environmental resources for future generations.
SkyDev’s mission is to build developments that create meaningful value for the communities it invests in. It makes the most of its team’s 20+ years of experience in the Canadian real estate industry to create and develop communities that are enriching and impactful.
SkyDev is currently overseeing the development of approximately 4,000 new residential apartments across Ontario and 2 million square feet of industrial space.
To learn more about SkyDev, please visit SkyDev.ca.
SkyDev is part of Skyline Group of Companies.
About Skyline Living
As one of Canada’s most prominent apartment rental providers, Skyline Living exists to provide safe, clean, and comfortable places for its residents to call home.
Providing homes in dozens of communities across Canada, Skyline Living is an industry leader in customer service, environmental stewardship, and community giving. It works to create and maintain thriving, vibrant communities for its residents, employees, and the neighbourhoods in which they live and work.
To learn more about Skyline Living, or for rental inquiries, please visit SkylineLiving.ca.
Skyline Living is a part of Skyline Group of Companies.
