Three-Point Development Strategy
We believe that sustainable growth should come from both “up” and “out” development. To this end, Golden Age Homes will pursue a three-legged development model focusing on: 1) urban infill gentle densification via Missing Middle, 2) new complete community development centred around “New Urbanist” principles, and 3) an innovative approach to seniors and retirement living. All three strategies will leverage our standardized factory build forms, prioritizing attainability and sustainability while creating beautiful and walkable communities.
1. Urban Infill: Our densification strategy within existing urban areas will focus on Missing Middle infill projects which take advantage of modern as-of-right zoning bylaws. This will include acquiring existing homes on medium to large sized lots and adding additional units in the rear yard, severing lots for new builds, or removing existing structures to make room for new multiplexes. These projects will be a mixture of purpose built rentals and for-sale units.
2. New Neighbourhoods: Our new neighbourhood strategy will not rely on suburban sprawl, but aim to create complete communities with a mixture of residential and light commercial build forms. We will take our lead from the new town-building renaissance taking place in the USA called “New Urbanism”. These communities include Missing Middle and commercial spaces at the “town centre”, and move towards less density (detached homes) on the “outskirts”.
3. Retirement Communities: Golden Age’s new retirement community model is focused on promoting “age-in-place” living for active seniors. This will feature a range of small housing options for downsizing seniors, recreational amenities, and a walkable community design. Missing Middle build forms will include cottage courts and row-houses that have a main floor master suite. For later years, there will also be 3 to 4 story retirement homes on site. Building retirement communities that seniors actually want to live in will rapidly increase the availability of under-utilized existing 3 and 4 bedrooms homes for young families.
