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Waterloo Chronicle (Waterloo, On1868), 31 Oct 2007, p. 19

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o ordinary 25-year- Nold spends his morn- ings standing in the penthouse of his nearly completed IO-storey build- ing, simultaneously fielding questions, courting real estate agents and overseeing construction. Former university student is building a housing empire in Waterloo But Andrew Sukhiani is far from ordinary. He's had a crash course in multi-task- ing over the past few years which have seen him trans- form from a humble student into a cutthroat business- man laying the foundations for a real estate empire. Build it and they will come Despite these heady aspi- rations and the flurry of activity around him, the young entrepreneur takes time to survey the View, Looking out the window of the room that is soon to become his personal movie theatre, Sukhiani scans the horizon and points out his first project, a bungalow on Spruce Street, which he con- verted into an eight-unit apartment building . " " pays to work" for your- self," he muses. Even though he's still young, Sukhiani is poised to become the newest univer- sity housing baron in a town rich with students. The ambitious builder. not far removed from university x-r-ron-o.--" wot-(WW whim-arm 'Are-ttrr.' Mien-Inn wwwwmn‘m W m sum W "we": bow "*rr'Krqperrr usAwmmM "mu-m Immunod- tu-err-USA-r-rr" ttw-r-m-sm-tt_-r-or- h-“bwum 13ma MACDONALD himself. recently opened a ChrorticleSmf 10-Hour. Ila-unit student- housing complex on King o ordinary M-year- Street North to go along with J old spends his morn- his other building on Spruce ings standing in the Street, Sukhiani has been work- ing [00-hour weeks in order to get the building ready in time for students from near- by Wilfrid laurier University and the University of Water- lqu to move in. All the over- time put in by Sukhiani and his crew wasn't enough, however, and students weren't able to move in until Sept. 21. "We lost a couple of peo- ple who were going to move in, but this week has been pretty good and we've had tive or six people a day com- ing through," he said. But Sukhiani takes it all in stride. The setback was Just anoth- er lesson for an eager young man trying to learn the busi- ness. The building still isn't complete and looks a little rough around the edges. Many walls are still in the process of being drywalled and there's still construction being done throughout the lobby. but Sukhiani hopes it will be done in the next cou- ple of weeks. "Then I can relax and get back to a normal work week," he said. And what better place to kick back and readjust to normal life than BUSINESS the penthouse of a brand new building in the core of the city? Sukhiani has designed a giant dwelling for himself on the top floor of the King Street residence. complete with a Jacuzzi, movie screen and balconies with glass railings. It's just a little luxury for a guy who two years ago was living in a seven-by-nine foot "closet" in a dilapidated bungalow on Spruce Street that was retrofttted to pack in as many students as pos- sible. "When I took over that place. there was water drip- ping on the electrical panels and there were eight guys sharing two bathrooms and one kitchen.." was a mess," Sukhiani said. The young business major at Laurier was just looking for a way to "supple- ment" his income when he took over the old house. instead of heading down to the campus employment office or flipping patties at one of the many nearby fast- food joints, Sukhiani wrote up a business plan. The son of a successful restaurant owner in Aaron Township, near Acton, Ont., Sukhiani developed a knack for business early. He grew up learning every part of the family business - dish- washing, bartending and managing - before leaving Your parents moved - to Florida. HRU'\I( Entrepreneur Andrew Sukhiani, 25, is working his way up the local housing market, most recently opening a housing unit on King Street North. for the city to learn the theo- retical side of business. A veteran of various stu- dent slums, he started crunching some numbers . _-----.-"'"--"""' Rover a {new} ' _ and rhcrwt‘ Fi months RD ORDGW ml l IE F ‘ Call worldwide for only $13.95 per month' Call 519-489-4459 or visit www.woridiirte.ca Includes Canada, USA a. 26 countries Dr can Canada for only $3.95 per month! Register your home phone 8 cell phone Instant activation Call quality guaranteed Monthly credit card or direct debit billing Available to Record subscribers 8 non-subscribers Flat rate with no extra per minute charges and realized how much money could be made by offering a bit of quality to students sick of overpaying for cold showers and shoddy WM Unix) amounts . Many October n, 2m? . ls He took his plan to Toronto and presented it to insulation Continued on page a) EKG MaEDottAur "1010

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