Multi million dollar student residence to be constructed in Chatham
Yesterday morning officials from the Everlast Group announced a new $9 million building investment that will see the construction of La Residence, a student residence in Downtown Chatham.
Located in the former YMCA building on King Street West, La Residence construction began in November of last year and when completed will create a residence that has a capacity to house 200 students.
“As part of our commitment to prove that Chatham-Kent is the right community for investment, we have launched an aggressive build timeline to have La Residence completed by in a little over a year,” said Victor Boutin, Principal at Everlast Group LTD.
Boutin added, “There was a need identified in the community and we are happy to be able to step forward and work with our partners to lead a significant investment that will address that need.”
According to La Residence Project Supervisor, Brian Chute, there are three project phases in the timeline with phase 1 set to be complete in next month, phase two is planned for June, and phase three is planned to wrap up at the end of December of 2019.
“This is a very important project not only because it breathes new life into an old building, it also increases the number of affordable spaces for students to live. This endeavour will support St Clair College’s growth and development,” said Frank Moceri, Industry Liaison at St. Clair College.
The Municipality of Chatham-Kent Building Department has been working closely with the Everlast Group to ensure that all plans and construction activities are up to code, safe for the community, and able to move forward.
“I have seen the plans for this new student residence and they are amazing,” said Darrin Canniff, Chatham-Kent Mayor. “I’m aware that housing can at times be a barrier and so it’s fantastic when the municipality can work with local developers to help eliminate those barriers.”
Canniff added, “Not only is the initial $9 million dollar investment positive for all of Chatham-Kent, but the economic spinoffs of having 200 more people in the downtown Chatham core will be important for local business.”
Following the completion of phase 3 in 2019, it is planned that students will be able to begin accessing the residence in line with the St. Clair College semester schedule.