“I think we’ve got something for just about everybody.”
The three-level townhouses each have single frontattached garages and are built in clusters of five to eight homes.
They will measure from 1,238 to 1,286 square feet, with prices running from $296,835 to $320,250 including GST (for two levels complete).
The apartment condos range from a one-bedroomplus-den layout of 641 square feet to an 858-square-foot suite with two bedrooms and two bathrooms.
Prices range from $186,800 to $230,000.
Each suite in the elevator-equipped buildings will have one titled parking stall in an underground parkade.
Exterior finishings at Milano will include vinyl siding, shakes, Hardie board and cultured stone,
There will also be balconies and decks of spruce with aluminum railings, and extensive landscaping.
Interiors will include Shaker- style maple cabinets in kitchens and baths, flush eating bars, ceramic tile backsplashes, laminate, carpet, and tile flooring, six appliances and wallmounted electric fireplaces.
The layouts are “tech smart and future savvy,” with an open-concept floor design that makes them easy to furnish and finish to each owner’s tastes, says Betts.
Built on land Trico purchased back in late 2007, Milano has been developed around a central park where residents can take advantage of openness to get to know their neighbours, says Betts.
“Zoning for the site would have allowed higher apartment buildings, but we decided not to sacrifice green space for density,” he says.
With Milano, Trico wants to give buyers the opportunity for value at a time when prices and mortgage rates are still low, says Betts.
By moving forward now, the company has also been able to take advantage of a Milano by Trico Homes. It will be made up of 80 townhouses and 132 apartments in various price ranges and floor plans. Construction is underway and first possessions are expected in late spring or early summer.
Panorama Hills in northwest Calgary.
Genstar Development Co.
From Country Hills Boulevard, turn north on Harvest Hills Boulevard, then west on Panatella Boulevard and north on Panatella Hill.
The on-site sales and presentation centre is open from 2 to 8 p.m. Mondays through Thursdays, and noon to 5 p.m. weekends and holidays. It is closed Fridays. Visit the website at mi[email protected]cohomes. com. good selection of tradespeople and suppliers who have made a commitment regarding prices and the construction timetable.
Construction has started, with possessions on the 17 townhouses scheduled for May 2010, followed in November by the first 36 apartments. The first block of townhouses will include show homes.
“I think we found a hole in the market that would suggest to us it’s ready for a complex like this — that there is still a lifestyle element for these types of homes in a suburban setting and in a builtup neighbourhood like Panorama Hills,” says Betts.
The first release of apartments and townhouses, he says, was sold-out by the third week in October. “We will continue with construction and let the market take care of the possessions, but I honestly think we’ll be sold out before construction is complete,” says Betts.
He isn’t surprised by the number of permits being approved by the city for low-rise, multi-family developments.
Low-rise construction is easier to stop and start and there is more of a controlled release of units onto the marketplace, he says.
In a highrise situation, once a project is in the ground, it’s more difficult and costly to close down, he says.
“Milano will be built,” says Betts. “This development will be completed and brought to the marketplace in an orderly fashion.”
PROJECT: AREA: DEVELOPER: DIRECTIONS: HOURS: INFORMATION:
From left, sales manager Warren Saunders and vice-president of sales and marketing Paul Betts of Trico Homes on the site of the Milano project, the company’s newest multi-family development.