First Phase Mission Hill Complex to be Done by April
This article appeared on the Kamloops Daily News site on February 28th, 2012.
The company tasked with completing the first building at the Mission Hill complex expects to have the building ready for occupancy by mid-April.
Brentwood Enterprises has been contracted by lender Harbour Mortgage Corp. to complete the first building. The lender foreclosed on the property owned by developer Mike Rink’s New Future Group in December.
Brentwood president Jay McMartin said Tuesday the company will unveil a sales and marketing plan this spring.
“We’re really just doing finishing work,” McMartin said.
Major construction is complete. Trades workers are doing final painting, trim and flooring work, readying the building for sign off by authorities.
“Sales would likely be the same time as occupancy was ready,” McMartin said. “Given the history we want to be done. We want disclosure statements to be ready.”
McMartin said prices are not yet set for the 54 units in the first building.
Mission Hill was one of the major developments by Kamloops-based New Future Group. The company was granted protection under the federal Companies Creditors Arrangement Act in 2010 after it could no longer pay its bills.
That protection was removed for the final project, West Beach at the Shuswap, last month.
More than $35 million was owing on Mission Hill when Harbour foreclosed on the property. There are five buildings in the Mission Hill plans, with significant work done on the first two.