Claystone Developments Langham Development Project
-Long term cash flow opportunity
-Investment is secured by real property
-Management Team has proven track record in land development projects
-Local community is very eager to see this project come to fruition
-Excellent local infrastructure already in place
-Significant soft cost has already been absorbed by previous project proponents
The town of Langham has no new supply of residential or commercial lots and very few multifamily options. The housing supply is limited, and, at this point, there no new developments being undertaken. This is in spite of the fact that Langham is in one of the fastest growing metropolitan regions in Canada and some neighbouring communities have seen enormous growth over the past 15 years. The reason Langham has not experienced growth is because the waste water infrastructure was at capacity. Thanks to a multi million dollar grant major capacity has been added to the system and now additional growth can take place.
Claystone Developments is in the process of acquiring 12 acres (phase 1) of land on the east side of Langham with an option to purchase 75 more acres. The plan is to develop approximately 35 single family lots and construct single family homes on phase 1 of the development and continue onto subsequent phases as homes sell.
Langham is in the Saskatoon metro area. Currently there are just over 1,500 residents in the town, but the metro area is home to over 330,000 people. In addition, Saskatoon is one of the fastest growing metro areas on the country.
Competition in the local market is limited. There are currently no vacant single family lots in the town available for purchase and there are no other developments taking place.
There is competition in other communities. The cities of Warman and Martensville, also in the Saskatoon metro area, have nearly tripled in size over the past 15 years. They continue to grow and have inventories of single-family lots. There are also lots available in smaller communities in the area, such as Dalmeny. In short there is no competition in the town and higher priced competition in other communities.
Catterall and Wright, a Saskatoon based engineering firm, produced a housing study (available upon request) for the town showing significant and ongoing demand for housing in the community due to its location and demographics.
Claystone Developments has the land under contract and has a vision and competitive advantages to build a well functioning, profitable development. We have the development experience necessary to turn this vision into a reality. We have a proven track record of successful development and construction projects.
Prior to taking on this role, Shaun was the COO of CEL, an electrical contracting firm based in Saskatoon, SK. He was also the managing director of the Hague Service Center, an independently owned and operated Shell branded gas station in Hague, SK.
Shaun has experience in land development in the past, having completed two residential subdivision projects. He has completed many construction projects including single family homes, townhomes, and commercial buildings from concept to completion.
Kristi Braun-Schmuecker is a Project Manager and Design Consultant at Claystone. She obtained a diploma of Business Administration from the University of Regina. She has over 10 years of design experience and has been involved in new construction for single family homes, multi family homes, and commercial buildings and has hands on experience in construction and finance.