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business elite canada
H
APRIL 2016
Unlike many condominium developers
who move on from one development to
the next, Kalideen promises that Global
Kingdom Ministries will continue to be in-
volved in the building’s projects and ser-
vices well after the complex is built.
In order to allow the people living there
to be more than just residents, Kalideen
chose to use the life lease model for Trin-
ity Ravine Towers’ applicants. Life lease
is a form of real estate tenure that has
been popular throughout North America
and Europe for many years. Global King-
dom Ministries’ agreement for the Trinity
Ravine Towers will be one of 140 life lease
projects operating in Ontario. According to
the life lease agreement Global Kingdom
Ministries offers, individuals have the right
to occupy their suite in perpetuity. This
means that residents have the flexibility to
sell the suite at market value or pass it on
to a friend or family member, at any point
in their lives.
The two-tower complex, being built by
Reinders + Rieder Ltd, will be developed
in two stages, with 209 units available in
its first phase. Each unit within the resi-
dence is designed to provide a sense of
comfort and mobility for its residents. The
standard suite features wider doors and
hallways and 24-hour access to emergency
services. Kitchens include U-shaped coun-
ter space with a 360-degree turnaround to
help people using wheelchairs and walk-
ers move around. Each bathroom comes
complete with walk-in shower, a bench
and grab bars.
