Averton Introduces Purpose-Built Rental Communities
Averton, a pioneer in residential development, is excited to announce its latest venture in the rental market. The company is set to launch two new communities, aiming to meet the growing demand for quality rental housing across Canada. These projects promise to offer stylish, sustainable living options that cater to the needs of modern renters.
Highlighting the Echo Rental Residences
Echo Rental Residences will be situated in the vibrant Midtown neighbourhood of St. Albert, featuring a collection of 50 contemporary townhouse units. These energy-efficient homes are designed with a focus on sustainability without sacrificing style. Expect leasing opportunities to open in Summer 2025, providing future residents with a chance to live in a modern and eco-conscious environment.
Rowan Rental Residences: A New Living Space
In the Creekwood Chappelle area of SW Edmonton, the Rowan Rental Residences will introduce 70 Scandinavian-inspired townhomes to the market. These homes will not only fulfill the growing need for rental properties in the city, but will also provide a perfect balance of functionality and modern design. Leasing for this community is expected to begin in Fall 2025.
Averton’s Commitment to Quality and Sustainability
Paul Lanni, President and CEO of Averton, emphasizes the company's mission: "These projects demonstrate our commitment to address the growing demand for rental housing that fulfills the needs of so many individuals and families. We are bringing a fresh perspective to rental housing—prioritizing design, long-term sustainability, and forward-thinking urban planning."
Expanding Across Canada
With a legacy of over 60 years, Averton is recognized for developing award-winning communities. The new rental projects highlight the company’s ongoing strategy to adapt to the evolving demands of residents while providing cutting-edge housing solutions. Alongside these two new locations, Averton is also advancing five additional communities, contributing nearly 1,000 rental units expected to launch between 2025 and 2027 across various regions.
Innovative Features and Green Initiatives
Averton's innovative approach to rental communities includes incorporating advanced sustainability features that surpass typical building standards. The new townhomes in both St. Albert and Edmonton are set to exceed energy efficiency requirements by over 40%, resulting in lower energy bills and reduced carbon footprints for residents. Future plans also include integrating geo-thermal heating systems, showcasing the company’s commitment to forward-thinking and sustainable construction practices.
Collaborating for Future-Ready Housing
According to Thomas Burr, Senior Vice President of Rental at Averton, "Our focus on purpose-built rentals aligns with our goal of delivering high-quality, sustainable housing solutions in key growth markets. This approach presents opportunities for resilient, future-proofed housing for our residents while delivering long-term value for our investment partners."
Averton: Designing Exceptional Communities
As part of their constant evolution, Averton highlights its commitment to design, sustainability, and accessibility, making their projects attractive for investors and industry partners alike. With a reputation for quality craftsmanship, Averton continues to push the boundaries of residential development.
Get In Touch with Averton
If you are interested in learning more about Averton’s developments or partnership opportunities in rental housing, reach out to Thomas Burr, Senior Vice President of Rental, via email at tburr@averton.ca.
Frequently Asked Questions
What type of housing does Averton specialize in?
Averton specializes in developing modern, sustainable rental and sale properties, focusing on quality and community needs.
When will leasing for the new communities begin?
Leasing for the Echo Rental Residences will start in Summer 2025, while leasing for the Rowan Rental Residences will begin in Fall 2025.
How many units is Averton planning to develop across Canada?
Averton is advancing multiple projects that will contribute nearly 1,000 rental units across Canada in the coming years.
What sustainability measures are being implemented in these homes?
These homes will exceed energy efficiency standards by over 40% and will implement geo-thermal heating systems to lower energy costs and carbon footprints.
Who can be contacted for more information about Averton's projects?
Interested parties can contact Thomas Burr at Averton via email for inquiries about their developments and investment opportunities.
