Contrary to earlier reports, a housing development in Slave Lake’s southwest proposes no more than 98 units, not the 300 discussed at a Town council meeting a few weeks ago.
On the drawing boards are two 24-unit condominium complexes (with an option for a third), plus 13 duplexes. The location is the former Alberta Transportation yard on 6th Ave. S.W. The two condo buildings were recently approved by the Municipal Planning Commission – a first step in the approval process. A development permit is pending.
“There are a few things that have to be cleared up with the Town,” says developer Ron Assaly, who was until recently the majority owner of the Slave Lake Super 8. “Occupancy probably won’t be until September of 2007.”
Cost is a challenge. The buildings are almost identical to a project Assaly completed in Edmonton two years ago, but bids are coming in 70 per cent higher – reflecting a demand for contractors that far outstrips the supply.
“It’s amazing,” says Assaly.
The net result is a projected cost per unit of $250,000 for the condominiums.
Cathy Degenhardt of the Slave Lake Royal LePage office is handling sales of the condos. She says she’s already receiving queries from interested parties.
The condos will be four stories high, six units per floor, with underground parking. They’ll be located towards the front of the property. In the back, a local developer is working on plans for the 13 duplexes.

Copyright © 2000 The Lakeside Leader. All Rights Reserved.
No part may be reproduced without written permission.

View our Privacy Statement.
Send website suggestions to the Webmaster