139 Tuxedo Update

Dear Future Residents,

Welcome to your latest update for 139 Tuxedo. We are quite happy with the progress that has been made this month. I am pleased to inform you that the 2ndfloor concrete is now 100% complete. The 3rdfloor concrete is now 50% complete and we anticipation moving onto the 4thfloor by month end. The 3rdfloor walls are prepped and have begun to be erected.  We have prepped the 1stsection of the parkade for a concrete pour and will be completed by mid August. The balance of the parkade will be completed by month end. Electrical is 50% complete in the parkade. Plumbing in the parkade is now 100% complete with work set to commence on the 2ndfloor by month end.

We have completed all 2ndand 3rdfloor final reviews and are currently underway with the 4thfloor units. We would like to remind everyone again to please bring all contracts, invoices and documents relating to your unit and upgrades to ensure all details are documented during your review. We expect to complete all 4thfloor reviews and the 50% of PH units by the end of August.

We are currently working on all 2ndand 3rdfloor changes that have been made to electrical, plumbing or framing in order to identify any final costs associated with those upgrades. Now having met with the electricians, plumbers and framers, we have noted all changes and are working to provide final quotes associated with your changes. Once the 4thand PH final reviews are complete, we will meet with the electricians, plumbers and framers again to go through all remaining changes and work to provide the remaining quotes. We ask and appreciate your patience, as our goal is to mitigate the risk of any errors and will need some time after our meetings to provide these final quotes.

BA Robinson has begun to contact everyone to collect overages for any upgrades made. Due the significant backlog of orders with the manufacturers, we are placing our final order with BA Robinson at the end of August. For those who have made any changes with BA Robinson, please contact them as soon as possible to provide payment.

We would like to thank everyone who has finalized all changes prior to their final review thus far. A few 4thfloor and PH units are still working to finalize their selections, we would like to remind you that this is the last opportunity to complete your changes. Failure to do so will revert any desired changes to the standard package from that supplier.

Sincerely,

Myles Kraut

President – Karma Development