We are currently in month 16 of our Victory on Leonard 120-unit apartment construction schedule. The good news is that we're once again moving forward full-steam ahead, after being delayed for two months by the city inspectors on our critical path construction.
We have resolved the fire dampener issue with the city and are back to work on our critical path items.
It took two months to resolve the issue, but we were still making progress on a lot of the other construction items such as plumbing and electric.
We hope to gain back some time as we move forward with our sub-contractors.
Budget-wise the changes required by the city won't add any cost to our project. However, there is a time cost from opening in August rather than June.
We are installing our main duct run for heating and cooling.
Brad explains in more detail some of the delays we had with the city and shows how the shaft wall works for fire-proofing and safety.
We're still looking for a retail tenant to take over the corner retail space.