Oliver Landing forges ahead despite delays

Oliver Landing forges ahead despite delays

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Despite rumours, the Oliver Landing project is moving forward. (Facebook/OliverLanding)

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.

3 COMMENTS

  1. Where there is smoke, there isn’t fire?

    It’s interesting that rumors and rumblings are being listed as some of the reasons for delays for the Oliver Landing project. I would put serious question to the credibility that they are merely rumours or speculation on the part of interested parties. I would also question how and exactly what building inspection issues have arisen and how they have been corrected by Oliver Landing.
    A few things about the proceedings of this development, that bears further examination.
    • Why after months of the work stop order lifting has there been almost no site activity?
    • Why wouldn’t buyer confidence be fading as the project price goes higher and there is no work being done?
    • Why is the developer blaming subcontracting? Are they not in charge of hiring the people they need and that are qualified? If the project has stalled why would those contractors not look for work elsewhere? Which it appears they have, with the months of workers on site.
    • In the whole of the Okanagan valley they can’t find good contractors? Everyone else seems to be able to find them just fine, so why does Oliver Landing have all the bad luck?
    • If their development is of such high quality why would they have been slapped with a stop work order? They have been quoted on ODN article as saying they have had to educate the town of Oliver building inspector. Educate about what exactly?
    • Perehudoff is cited as saying that 16 units have sold and 12 are reserved by ODN. By the Chronicle 16 are sold and only 10 are reserved. So how would a drop in reservations not show a lack of confidence in the project?
    • If sales and reservation have not changed since August of last year, would that not indicated that the project has to some degree stalled?
    • Why would you stop sales in the early parts of a project that usually fund the project going forwards? This brings into question the financial stability and sales of this project. Have sales fallen off and this is just spin to keep up the face of the project?
    • If Oliver Land is having issues, what will Oliver Heights be like if it gets started?
    A development that isn’t developing usually has troubles financially, which is linked to buyer confidence in their product and or labour shortages. I find it odd that the town building inspector needed to be educated about spray foam insulation. The tech has been around for a while now and isn’t really a new building tool. The old adage of where there is smoke there is fire seems to be very apt for the “Rumors” of this project/developer. I really have to question if Oliver Landing is truly what it projects itself to be to the community.

  2. Shawn,
    As one of the owners/developer. I question why if you have so many questions why you wouldn’t contact me for an interview. Instead you choose to speculate on what you believe to be true. Perhaps rumours and conjecture make for a better story?
    I would be happy to meet with you and give you a tour of our project and a completed home and inform you on the current sales contracts so that you have an accurate picture of the project. Perhaps then you can put all your questions to bed as to whether ‘Oliver Landing is truly what it projects itself to be in the community’.

  3. These questions are clearly ones that others have voiced about your project and ones that appear you are very much aware of. Instead of going person to person, I’m sure you can address these rumors in much greater detail publicly for all to read. Inquiry is indeed what people will do when a project has stalled with extremely little detail on the reasons for the prolonged stoppage past the stop work order. It is my hope to make readers more critical thinkers about what exactly we take as face value facts and to question what merits further investigation.

    It is not speculation that you have called half the contractors in the okanagan unfit to work for you.

    It is not speculation that there has been extremely little to no work being done on site for months.

    It is not speculation that your sales have not changed in months and your reservations have dropped in that same time period.

    It is not speculation that you are blaming subcontracting for a good portion of delays in your project. Which again do not seem to be plaguing other projects in the valley to the same degree it does yours.

    It is not speculation that your partial sales of each phase are abnormal in the approach to development of like projects. This does and will promote valid questioning on the reasons for it. Just saying “Because we want to” is extremely lacking on the business logic behind it such a move. This will also promote inquiries into your development practices.

    It is not speculation to question your second purposed project, when your first has hit major setbacks already.

    It is not speculation to raise questions on the nature and progress of project in the community.
    It is not speculation that you have been quoted as saying you are educating the town on building practices, but have yet to state in any great detail what that is.

    If you wish to engage the public on this topic, an article in the paper is a much more effective way to address those concerned about your project more meaningfully. An article addressing each concern, question, rumor, and or speculation in detail publicly would help inform those interested. If the contractors are such a problem and the concerns about them are valid ones. Then informing the public of the how, why, and who would only help the public make better choices in contractors. It would also I feel reaffirm why and what high standards your project is meeting. It would also go a long ways to establishing a greater buyer trust in your development and brand. If you wish to provide information to answer the concerns about your project, I would encourage you to do so publicly so that all readers can make their opinions on what you provide. I would also encourage you to engage the local paper to take a tour of your project and show them firsthand what your high standards are, what issues the contractors created for you, what you have had to fix, what exactly you are “educating” the town on, and how this has changed your project going forwards. Again if you wish to inform the community about your sales contracts you are more than welcome to make them public for the community to read and look over in the paper. I look forward to reading the news article covering this.

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