139 Tuxedo Update

Dear Future Residents,

Welcome to your latest update for 139 Tuxedo.

Exterior Work – Masonry work is 100% complete on the North, East and West portion of the building. The South portion will be finished by month end. Stairs and wheelchair ramp are complete. The East asphalt contribution is well underway and scheduled to be completed by month end. Landscaping / patio stones install is scheduled to commence Oct 16th. The lobby and common room are 90% complete. Elevators are operational. Balcony railing install is scheduled for 3rd week of Oct. Karma deficiency walkthroughs are ongoing. Owner deficiency walkthroughs will commence upon possession.

2nd floor – All units with the exception of corner units are 100% complete including Karma’s internal deficiency walkthroughs. Corner units are 95% complete with finishing touches and internal walkthroughs remaining. Appropriate trades have been notified and touch up repairs are ongoing. Hallways and common spaces are 100% complete.

3rd floor – All units with the exception of corner units are 100% complete including Karma’s internal deficiency walkthroughs. Corner units are 90% complete with finishing touches and internal walkthroughs remaining. Appropriate trades have been notified and touch up repairs are ongoing. Hallways and common spaces are 100% complete.

4th floor – Electrical fixture installation is 95% complete. Plumbing fixtures and accessories are 90% done. Appliances are on site and 90% installed. Countertops have been installed in over 90% of units. Hallways and common spaces are 90% complete.

PH floor – Painting is 100% complete and taping is complete. Wood work is done in 100% of units. Cabinetry has been installed in 40% of units. Light fixture and flooring installation has begun.

We had previously inquired which residents were willing to forgo their 30-notice of possession condition. We have received several owners who have waived their 30-notice in order to receive an easier possession. If you are interested and have not already said so, please let us know. We are hopeful that the issuance of first possession dates will commence by month end. We will continue to keep you informed as we get closer to receiving our occupancy permits.

Sincerely,

Myles Kraut

President – Karma Development