Despite rumours and rumblings, the Oliver Landing housing project is moving forward, says the developer.
David Perehudoff tells the Chronicle there were delays due to recent building inspection issues that have since been cleared up.
But talk in the community has circulated that the development on Sawmill Road is in financial trouble and buyer confidence is wavering. But Perehudoff says they are still moving forward and hope to have all 12 units occupied by July and Phase 2 started in later July. Some of the units in Phase 1 are already occupied.
The developer explained they had to hire Spur Construction from Golden to take over as general contractor because Oliver Landing was having too many issues with hiring local contractors.
“We require quality and have not seen what we need in the valley from 50 per cent of our subcontractors. We have had to redo quite a few subcontractors’ work.”
Perehudoff says Spur will bring the project timeline back and ensure the quality they need.
He noted they have more than 16 sales and 10 reservations pending.
Another attainable housing project that Perehudoff is focusing on right now is Oliver Heights on Princess Place. This 21-acre bench (west of the cemetery) will feature micro-homes, duplexes and multi-family units. The goal is to keep the single-family homes under $300,000, the developer says.
