by Vance Gutzman
Deep River could be in line for a new multi-residential development.
That was the message that came out of a special council meeting held last week.
Tim Streek, president of TSH Development Group, was on hand to present a proposal for the construction of new apartment buildings in town.
TSH is a real estate investment organization focused on new construction multi-residential development.
“We’re a build and hold organization,” Streek told council, noting that TSH holds onto its builds for 25 years or more once they’re completed.
“Knowing you have us as a partner in the long term speaks to our commitment. We’re not just there to flip and sell.”
Discussions with the town began in March and in terms of its property search, TSH sees several opportunities in town, including the municipally owned Keys Conference Centre.
“There are some key elements to consider in terms of utilities that are available,” Streek said of that five-acre parcel of waterfront property.
Sewer service is not available on the Keys property and past development proposals have included the need for a pumping station.
TSH also has designs on a privately owned piece of land in the downtown core.
for more on this story, pick up a copy of the April 11 NRT