Tuesday, June 30, 2020

Horizon North Logistics Inc. Signs Letter of Intent with the City of Toronto

Horizon North Logistics Inc. recently announced that they have signed a non-binding letter of intent with CreateTO (Toronto, Canada) relating to the design, delivery and installation of 110 modular units of permanent supportive housing by Horizon North.


Revenue from the Pilot Project is expected to be between $17 million and $20 million, with a first group of units targeted to be ready for occupancy late in the third quarter of 2020 and a second group following in the fourth quarter of 2020. 


Manufacturing for the Pilot Project will be undertaken in Horizon North's NRB Modular Solutions 'center of excellence' in Grimsby, Ontario.


"The modular construction process provides a rapid, innovative solution to the endemic issue of affordable housing in many areas of Canada," says Rod Graham, President and Chief Executive Officer of Horizon North. "Horizon North has had the opportunity to construct 664 supportive housing units in the City of Vancouver and 797 more units across the province of British Columbia. We are proud to bring that experience to providing critical, made-in-Ontario solutions for the City of Toronto."

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