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Old Posted Jan 12, 2013, 3:35 AM
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Apartment project started
January 11, 2013 - 7:24pm BY BILL POWER BUSINESS REPORTER

Quote:

This is a rendering of the Whimsical Lake Developments apartment complex planned for Lower Sackville.

Halifax developer Sol Ghosn broke ground this week on a $20-million high-end apartment complex on Sackville Drive.

“The population of Lower Sackville has grown faster than the availability of upscale rental units and there is a demand for something in the higher end,” Ghosn, owner of Whimsical Lake Developments, said in an interview.

Whimsical Lake is behind some high-profile developments in central Halifax, including the Vincent Coleman complex on Bayers Road and the Lexington, at Robie and Cunard streets.

Ghosn has developed about 1,000 rental residential units in the Halifax-Dartmouth area in the last 20 years. He said he is heading into Lower Sackville confident the community can support rents averaging $1,200 for a central location.

...
(bpower@herald.ca)

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