Recent News Page
Minto Communities USA’s Latitude Margaritaville Watersound, a planned active adult community in Bay County, is projected to break ground by the end of the year. Latitude Margaritaville Watersound will likely include 170,000 homes on about 15 miles of frontage on the Intracoastal Waterway connecting West Bay with Choctawhatchee Bay.
Minto Communities USA’s Latitude Margaritaville was the site of its first wedding! The private ceremony was held at 6 a.m., a few hours before the start of the public grand opening event for the community’s new residents-only Latitude Town Center amenities complex. The couple that got married are Dave Beheler and Deb Dubois, who moved to Latitude Margaritaville in July of last year.
Residents of Minto Communities USA’s Westlake community now have a place to cool off. The $15 million residents-only amenities complex known as the Westlake Adventure Park recently opened its first phase, which includes a 360,000-gallon pool, a three-story waterslide, a splash park, pavilions, a playground and a large lawn for events.
Life at Minto Communities USA’s Latitude Margaritaville looks like one long vacation, interspersed with tennis, pickleball, and bocce; all accessible by golf cart. There's even a dog spa called Barkaritaville. More than 300 people lined up to snag one of the community's original units.
Minto Communities has broken ground on its Annex condo project located in Calgary’s northwest inner-city community of Kensington. The nine-storey building will sit on 9A St., just a block off trendy 10 St. with its cafes, boutiques, Safeway and CTrain line.
Minto Communities Canada launched Era in April, its second multi-family development in Calgary, a 166-suite condo project with adjacent townhomes at 123 4th St. N.E. Prices start at $199,900.
The Rockhill complex of 1004 apartments, spread over six high-rise buildings on Côte-des-Neiges Road, was sold Tuesday for $268 million, or approximately $267,000 per unit, to Minto Apartment REIT and IG Investment Management Company that will share its ownership in equal parts (50% each).
Minto Apartment REIT’s growing portfolio and new leases drove earnings past the forecast it set for this past quarter before going public last summer. Total revenue from the company’s property portfolio was $22.1 million in the quarter, compared with a forecast of $20.4 million.
The Durham Region Home Builders’ Association (DRHBA) has announced the winners of its 2019 Awards of Excellence. Minto Communities Canada's Ivy Ridge community, located in Whitby, was recognized as Community of the Year. Minto Communities Canada was also honoured with the Excellence in Production Built Homes and Corporate Citizenship awards.
Minto Apartment REIT has seen the value of its equity outpace all but marijuana stocks since it began trading, last July, on the Toronto Stock Exchange. It’s been one of the biggest surprises of the capital region’s investment universe.