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...am800cklw News - Peter Langille (March 21, 2016)
A longtime Real Estate and Development insider in Windsor says the local housing market is as hot as he's ever seen it.
Peter Valente says a number of factors are increasing prices and the volume of properties being sold. He says confidence in the local economy and a limited number of listings are both causing prices to rise.
Valente says the superheated market has been happening since last Spring: "We're seeing multiple offer situations on houses that are priced properly in certain neighbourhoods. It would be strange if a house comes for sale in this market that's priced properly in a good neigbourhood that doesn't have multiple offers in the first week, and bidding wars."
He says prices are up in both resale and new homes, creating a challenge in the new housing market. Valente says some people are building because they can't find what they want in a resale home.
He says the "100 Mile Peninsula" initiative is having an impact because people moving from the GTA still see this as an affordable alternative.
He hopes values of Real Estate continue to climb locally because it will lead to greater prosperity in the region.
Ribbon Cutting Ceremony at Rivertown Terrace
Celebrating a long overdue revitalization of the first new Condominium building for the City in over 6 years at the Rivertown Terrace, traditional ribbon cutting from left were: Peter Valente, Preident of Valente Development Corporation; Jo-Anne Gignac, Windsor City Counicllor and Drew Dilkins, Mayor of the City of Windsor.
...BizX Magazine, June, 2015
VALENTE DEVELOPMENT CORPORATION recently hosted a ribbon cutting ceremony on the last day of April (a public sales launch happened early in May) for its newly constructed sales office and model suites at Rivertown Terrace, 7485 Wyandotte St. East, Windsor.
"I am very proud to unveil these two beautifully decorated suites -- my team did an amazing job!" exclaims developer Peter Valente.
Enjoying the surroundings inside the "Model Suite" of what is to come in the 50 unit, four storey building are Valente Real Estate agents Rachel Lefaive, Ida Sproule, and Brenda Hawtin.
The planned $10 million development provides for a total of 56 units. There will be six Brownstone suites facing Wyandotte Street East (Phase I construction completed) and a 50 suite four storey apartment building (Phase 2, the "Apartment Suites" break ground soon).
Valente expects occupancy of the units to occur in the Spring of 2016.
"The location was chosen because it is an attractive site in an established area, and within walking distance to grocery shopping, pharmacies, medical services, banks, restaurants, and transit" explains Valente.
It is expected that many of these suites will be purchased by seniors that already live in the established Riverside subdivision, built 40 years ago. Other residents that Valente hopes to attract are people relocating to the Windsor area for retirement reasons.
If you are interested in learing more about the condominiums, visit the developer's website: valentehomes.com.
Future of Windsor Real Estate belongs to Seniors, says developer
... Grace Macaluso, The Windsor Star, May 1st, 2015
Peter Valente doesn’t need a crystal ball to see the future of Windsor’s new homes market.
“My personal belief is the future of Windsor real estate are the seniors,” said Valente, president and owner of Valente Development Corporation.
“When the housing market started to turn around four or five years ago, I made the conscious decision to go after that market.”
With this demographic group in mind, Valente launched RiverTown Terrace – the city’s first, new condominium development in almost a decade.
“This is a $10-million project,” he said proudly. “It will create about 160 construction jobs.”
Peter Valente is shown in a condominium unit at the RiverTown Terrace on April 29, 2015, in Windsor, ON. The development by Valente Real Estate is located on Wyandotte Street East near Lauzon Road. (DAN JANISSE/The Windsor Star)
The 63,000-square-foot project sits on a two-acre lot at 8475 Wyandotte St. E. and is being built in two phases.
Phase one, which is currently under construction, is a building comprised of six, two-storey units. In June, construction is set to begin on phase two, which features a four-storey building consisting of one-and-two-bedroom units.
So far, 12 of the 50 units at the four-storey building have been sold, said Valente.
“We think seniors will purchase this as a retirement living choice,” he said. “These are people who want to spend half their time in Florida. They’ll have no maintenance. They can lock and leave their unit, and go to Florida in the winter.”
The two-storey units, he added, would likely appeal to professionals. “It’s like a townhouse building, but the zoning of the property did not allow for townhouses, so they’re brownstones and we had to do vertically divided units.”
The units come with such standard finishes as ceramic floors, granite or quartz countertops, cabinets with crown moulding and stainless steel kitchen appliances.
“I tried to put in upgrades that you’d find in a $700,000 house. It may be a small space but it’s very well finished.”
The location caters to residents who want to be within walking distance of an array of amenities, said Valente.
“If you want to head out to the grocery store, restaurant or bank, you can walk across the street,” he said. “It’s an awesome location.”
WINDSOR, ON. MARCH 11, 2015. -- Matt McShane and Gabe Valente (right) are photographed in front of a new development at the corner of Dominion and Grand Marais in Windsor on Wednesday, March 11, 2015. (TYLER BROWNBRIDGE/The Windsor Star)
..Grace Macaluso, The Windsor Star, March 11th, 2015
A new urgent care centre will be the anchor tenant in a development taking shape at the former site of Christ the King Roman Catholic Church at Grand Marais Road and Dominion Boulevard in South Windsor.
The 7,000-square-foot complex also will feature a pharmacy, medical and X-ray lab and optometrist’s office, said Matt McShane, an agent at Valente Real Estate.
“There are a lot of older baby boomers in South Windsor,” said McShane, adding the complex could also accommodate a family practice. “This will give them the ability to go down the street for care instead of waiting in line at the hospital.”
Local pharmacist John Payne, who will open a pharmacy at the centre, said a group of emergency room physicians will staff the clinic. Payne said the new urgent care centre, which is set to open Aug. 1, will give patients an alternative to hospital emergency rooms.
“South Windsor is a solid community,” said Payne, who grew up in the area. “There are a lot of seniors looking for a local pharmacy, urgent care centre and local doctors in their neighbourhood. “We’re all about convenience.”
The closest urgent care facility is West Windsor Urgent Care Centre, located on Huron Church Road — a transport truck-laden artery many senior drivers would prefer to avoid, said Payne.
“Driving on Huron Church is not an enjoyable experience,” he said. “We will be able to offer health-care services on a one-stop shopping basis.”
More advanced medical cases would be treated on-site, although patients with minor ailments, such as a cough or cold, would also be examined, said Payne.
Although his pharmacy will be competing with a nearby Shoppers Drug Mart, Payne said his drugstore will focus on customer service and patient care.
“What sets us apart is we’re extremely customer-focused,” he said. “We go to great lengths to make sure our patients feel very comfortable and get the service they deserve.”
An additional 4,000 square feet is also available for tenants, and McShane said he is hoping to attract other health care professionals, such as chiropractors or dentists.
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