Claystone
Planned infrastructure and housing development starting in 2024.
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Prairie Rose Park: A Transformative 90-Acre Development in Langham
Prairie Rose Park is a groundbreaking 90-acre development designed to address the housing shortage in Saskatoon. As the region experiences rapid population growth and low vacancy rates, the project aims to offer a mix of sustainable and high-quality housing options that cater directly to the community’s needs.
Value Proposition
Addressing Demand: The project meets the urgent need for housing caused by Saskatoon’s population boom and extremely low vacancy rates.
Proven Expertise: Led by Shaun Unger and Claystone Developments, the project is backed by deep market knowledge and a successful track record, including previous ventures like Whisper Ridge (30-lot development) and Hague SK, known for its diverse range of offerings.
Traction
Secured Land: 90 acres secured in a high-demand area with no current developments.
Construction Plans: Infrastructure and housing development scheduled to begin in 2024.
Strong Pre-Construction Interest: Potential early lot reservations have been indicated.
Government Support: The project has garnered local government backing, with streamlined approval processes in place.
Investment Opportunity:
Prairie Rose Park is seeking $2M in equity investment, which, combined with a $3M construction loan, will fund the phased development of the first 13 acres. This phase alone is projected to deliver $25M in residential real estate. The investment is targeting a 20% internal rate of return (IRR) for equity partners.