HAMILTON, Ontario--(BUSINESS WIRE)--In an ambitious endeavor to address the pressing issue of housing affordability, Losani Homes is proud to announce the Grand Opening of Windwood 2. This exciting event sets a significant milestone in our commitment to diversifying housing options for communities.
For nearly five decades, Losani Homes has been at the forefront of the housing industry, consistently seeking innovative ways to provide affordable homes across diverse price points. Over the last 15 years, the Losani family has been dedicated to this specific mission, pioneering new building forms that prioritize affordability, such as stacked towns, urban townhomes, back-to-backs homes and three-story stacked towns.
CEO Fred Losani, the visionary founder of Losani Homes, emphasizes his commitment to providing affordable housing: "Because we're a significant investor in capital properties and have always maintained a strong presence in commercial, industrial, and retail lands, we have developed more land for employment purposes along the QEW than anyone else. We believe in providing our communities with architecturally superior homes that stand as a testament to our commitment," he said.
"Our most significant evolution as we move forward is to build purpose built rentals," Losani explained. "This is a vital aspect of ensuring our company's longevity and safeguarding the welfare of all our employees and homeowners."
Losani Homes is proud to introduce Windwood 2, the latest addition to our purpose-built rental portfolio. Comprising two buildings in the vibrant SOHO neighborhood, Windwood 2 offers 99 units across 3 stories. This follows the success of Windwood 1, a mixed-use rental building with commercial spaces at ground level, and paves the way for future developments, including Coles, Rymal, Flying J, Fifth Wheel, Seasons in Paris, and EuroMart properties in Brantford. With over 30 approved projects, totaling more than 10,000 purpose-built rental units, Losani Homes is poised to make a significant impact on the housing market and local communities.
Losani said, "We have individuals looking for an opportunity to move into new home sector housing, and Losani Homes believes that everyone deserves a beautiful, well-amenitized living space. For the vast portion of the market that cannot afford higher-priced products, we are here to provide a choice."
"18 to 20 percent of the spaces in this building are dedicated to accessory uses for our tenants. Examples include exercise facilities, Losani exclusive We-Work environments, dog-washing, storage facilities on the same floor as tenants’ floor for bicycles, party rooms available Amazon Hubs to receive products securely. On and on. This is not your average rental unit."
Mark MacGregor, Losani's COO, added, "Losani Homes has been a proud member of the community for almost 50 years. These new rental units are part of our ongoing investment in the region and will provide needed affordable homes. This is only the beginning of our investment in this community. We look forward to providing high quality affordable homes for decades to come."
About Losani Homes
Losani Homes is a leading homebuilder with a strong commitment to quality, innovation, and affordability. With nearly 50 years of experience, we have built a legacy of excellence in the housing industry, continuously striving to provide beautiful, well-crafted homes for all. Our purpose-built rental developments represent our dedication to addressing housing affordability while delivering outstanding living spaces.