In the Beginning...
Black
Sheep Developments is a boutique Real Estate developer in Ottawa in the midst of
a rather interesting mixed-use facility in Orleans. It's a story worth telling
and a story worth reading about....In early 2016, the Orleans-based Tumblers
Gymnastic Club came to us with a problem—not only did they need a new facility
but they needed a better facility to help them grow their membership and program
base. Originally, the facility would have simply housed Tumblers as a single
tenant. Unfortunately, this “single-tenant” business model didn’t present itself
with overly attractive numbers nor did it offer Tumblers a lot of value outside
of more square footage. In fact, using this particular model, we didn't have a
project at all. We had a money loser! What would we do? Would we continue to plug
away at the project or would it be better to simply give up, tell our client we
couldn't help and move on? Stay tuned to find out why there was only one answer..