Tenants hopeful about new owners of Dartmouth housing complex
Residents of Ocean Breeze Village in Dartmouth, N.S., were faced with an uncertain future when the 400-unit community went up for sale last year, but now they have a bit more clarity.
Residents were informed by letter on Friday that the property has been purchased by a group of local real estate investors called Basin Heights Community Limited Partnership. It includes Cresco, Fares & Co. Development, and T & H Group Developments.
Ocean Breeze is a mix of about 400 townhouse-style apartments nestled into woods near the MacKay Bridge.
The units each have three or four bedrooms, putting the total population at around 1,000 people. Tenants say rents range from around $875 to $1,400. …[Read More]