BUILDERS: Clus­ters

Calgary Herald - Calgary Herald New Condos - - New Con­dos -

“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.”


Pho­tos, Christina Ryan, Cal­gary Her­ald

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.

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