The other was a project — called “First” — by Fram+slokker of Toronto.
First will be a two-component complex — including an 18-storey tower and a four-storey, L-shaped selection of condos covering two sides of the tower’s base on Sixth Avenue S.E.
The average unit size at First will be 700 square feet, but will range between 415 and 1,180 square feet.
Unit prices have not yet been determined, but they will likely start from the mid-$200,000s (go to our website at www.calgary herald.com/homes for our story on the project: East Village marks downtown rebirth).
Since 2007, East Village has gone through $113 million in infrastructure improvements and other work through Calgary Municipal Land Corp. (CMLC), to revitalize the once downtrodden district.
“There’s probably no better real estate opportunity in North America,” said Bruce Kerr, president of Slokker Canada Corp., in an earlier interview.
Along with Inglewood, East Village is the oldest area in Calgary, dating back to the founding of Calgary by the North-west Mounted Police in 1875.
“There was a magic to it,” says Bosa of his visit to East Village.
“We saw that the street treatments were all done and the lighting and the benches — it created a very high-end feel to it.”
But for Bosa, it was CMLC’S East Village master plan that clinched his interest.
“The master plan lends itself to what we have done in the past and what we have seen work,” says Bosa.
The plan sets out a long-term vision for a mixed-use neighbourhood.
Evolution includes three phases over three parcels of land. Once completed, it will be one continuous site.
The first phase, called Fuse, is a 21-storey concrete tower with an eight-storey mid-rise building on Riverfront Avenue.
This phase includes 203 units and four townhouses. Once completed, the first phase will connect to the second phase.
The second phase, called Pulse, includes 284 units and 12 townhouses. The two phases will share amenities such as a fitness room, steam room and a sauna and a social lounge.
These phases will also share a joint three-level parkade.
The third phase is in the design stage and has not yet been named. While a total number of units has not yet been determined for the third phase, the Evolution development is expected to have upwards of 600 total units in total.
Units in the first phase range from 680 to 1,200 square feet, with the average unit size on a typical floor being 1,000 square feet. The largest penthouse suite will be 2,500 square feet.
Most of the units will be a mix of one-bedroom-plus-den and two-bedroom layouts. Townhouses have two bedrooms and a den and are about 1,600 square feet.
Prices of the units have yet to be announced.
A wide range of buyers are expected to be drawn to the development, says Bosa.
The smaller units should appeal to first-time home buyers, while the larger units are expected to catch the eye of empty nesters, says Bosa.
“It will be people who are tired of looking after their big yard and driving everywhere,” he says.
Residents looking to stay active have a fitness centre inside the building.
Evolution by Embassy Bosa Inc. will include about 1,700 square feet of retail space on its ground floor, as seen in this artist’s rendering.
After decades of neglect, the redevelopment of East Village is bringing people back to one of Calgary’s oldest neighbourhoods.
Ryan Bosa, president of Embassy Bosa Inc., in East Village in 2010.