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About this project

The Renaissance at Shorelands is comprised of 74 luxury residences on the North Western coastline of Trinidad. 

Issue

During the global economic downturn in 2009, the Canadian lenders needed advice on the cost-to-complete the project and a plan to remobilize and complete the development.

Solution

The Altus Group mandate commenced in mid-2009 with an initial mandate to visit the site to review the project team, project budget & cost-to-complete, source of funds, work-in-place including off-site materials, construction schedule and project issues. 

Our team provided independent advice and monitoring to both the lending team, developer and legal counsel from remobilization and refinancing of the project through to practical completion and into the operating and sales absorption period. The now-completed Renaissance at Shorelands is the preeminent luxury high-rise residential building in Trinidad.

Location

Port of Spain, Trinidad and Tobago

Stakeholders

Canadian Special Loans Groups

Sector

Luxury residential

Services

Cost estimating, Project monitoring, Project management, Process management, Supply chain management, Forensic accounting, Value engineering, Trade claims negotiation / settlement / termination, Scheduling, Facilities management, Property management, Sales management

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