CORE is pleased to announce that Renaissance Retirement Residence, a division of CORE, recently acquired property in Barrie for its latest seniors-tailored apartments development.
The subject lands — approximately 6.73 acres — are located on the east side of Yonge Street at D’Ambrosio Drive. The site will be redeveloped primarily into a mixed-use community with specific focus on retirees. The development is envisioned as a multi-phased project, with the intention of building at least 250 units of seniors-tailored apartments with concierge amenities.
Seniors-tailored apartments are the fastest growing segment in retirement and seniors housing and real estate. According to a study with CBRE, the City of Barrie has a substantial need for residences geared towards seniors. The Renaissance team is meeting with planners, architects and construction companies to assess the optimal use and development strategy.
This exciting project will be part of our growth-oriented G Series investments, and will be made available via a limited partnership and Mutual Fund Trust.