Real Estate News

Waiving development charges boosts condo builds in LaSalle

Waiving development charges boosts condo builds in LaSalle “As soon as the town put that incentive out to developers and saying that they were waiving these kinds of fees for these kinds of developments, I specifically went through the entire town looking for a site to build a project like this,” developer Peter Valente said. Exempting development charges for multi-family dwellings in the core area of LaSalle has had the desired result, attracting several condominium projects in 2017. Larry Silani, the town’s director of development and strategic initiatives, said the waiver drew a large, 131-unit condominium development as well as a couple of smaller projects with 10 or 12 units in total. Overall, housing construction in LaSalle slowed slightly in 2017. “When it comes to singles, semis and townhouses, we’ve been very successful in having that form of housing built in LaSalle without having any incentives being necessary,” Silani said. “When it came to multi-family residential there wasn’t a lot of building activity and similiarly…

Grants for downtown condo development approved by planning committee

Grants for downtown condo development approved by planning committee Windsor's planning committee has given the go-ahead for grants for a new residential condominium development downtown under the Downtown Windsor Community Improvement Plan.  The plan, approved by council in September, makes money available with the goal of increasing the number of residential units in the downtown core, improving businesses facades and adding retail units to vacant buildings.  The application from the Valente Home Development Corporation is for a proposed three-storey, 24-unit residential condominium on the north side of Ouellette Avenue, across from the Windsor Public Library. The units will be between 800 and 1,100 square-feet.  It was approved unanimously by the planning committee Monday, but still needs approval from council. "It's an opportunity for people who live downtown to have something newer," said the developer, Peter Valente. "From what I understand there hasn't been anything new built downtown, residentially, in quite some time."…

New Look For Valente Real Estate Office

New Look For Valente Real Estate Office As Seen in Biz X Magazine's January Issue!

Biggest downtown residential development in 25 years signs of things to come- Marra

Biggest downtown residential development in 25 years signs of things to come- Marra As many as 100 more residential units are expected for the core, on top of the 24-unit building welcomed Monday as the first major project taking advantage of Windsor’s new downtown revitalization plan. Developer Peter Valente told members of the city’s planning, heritage and economic development standing committee that if the incentive-laden Community Improvement Plan hadn’t been approved last fall, his building on Ouellette Avenue wouldn’t be moving ahead. He hopes to start construction in June on the first significant residential development in the downtown in at least 25 years. The CIP provides a $2,500 grant for every new residential unit he builds up to $50,000, plus there’s a tax rebate program that gives back the difference between the municipal taxes he’s paying now on vacant land ($7,145 annually) and what he’ll pay once it’s built ($59,765) for five years and possibly 10. That adds up to a $263,100 savings for five years and $526,200 for 10. “This development…

New Website

New Website It's here! Announcing the launch of our newly redesigned website We've redesigned our website with you in mind! We are proud to launch our newly redesigned website, www.valenterealestate.com The primary objectives of our site development effort were focused on aesthetics, simplifying our content, and increasing the visibility of our services. Explore the site to find out what we have been up to!

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