‘Cre­ative’

Calgary Herald - Calgary Herald New Condos - - Recre­ation & In­vest­ment Prop­er­ties -

Pear­son says the com­pany had to get “cre­ative” and ended up bring­ing some trades­peo­ple from Van­cou­ver.

The ar­chi­tec­tural firm is also from the main­land. The Hul­bert Group, based in West Van­cou­ver, is the same com­pany that de­signed Preda­tor Ridge in Kelowna, B.C., Three Sis­ters in Can­more, and sev­eral re­sorts in the U.S. and Aus­tralia.

Part of is chal­lenge was to de­sign a build­ing that would fit es­thet­i­cally with the sur­round­ing neigh­bour­hood, but not look dated.

Park­side has a cov­eted lo­ca­tion in old Vic­to­ria, just up the road from St. Anne’s Academy — a na­tional his­toric site with gar­dens and green space — and kitty-cor­ner to Church of our Lord, one of the old­est churches in the city.

It’s also close to Bea­con Hill Park, an area equiv­a­lent to Van­cou­ver’s Stan­ley Park.

“Park­side ex­tends and cul­mi­nates that open space sys­tem from the wa­ter­front to the cen­tre of our site, cre­at­ing a ‘story’ that sug­gests that our cen­tral gar­den was al­ways present,” says lead ar­chi­tect Richard Hul­bert — re­fer­ring to the three-storey glass atrium that’s filled with trop­i­cal plants from the one-time Crys­tal Gar­dens.

“At the same time, our two mid-rise tow­ers ul­ti­mately frame and cel­e­brate the ‘found’ gar­dens within a modern atrium,” says Hul­bert.

Park­side Vic­to­ria has 126 units, which are pre­dom­i­nantly one-be­d­room, with 14 con­sist­ing of two-be­d­room suites. Quar­ter-shares range from $149,900 to $279,900.

Com­pared to other new con- do­mini­ums for sale in Vic­to­ria, the prices at Park­side Green are sig­nif­i­cantly higher.

For in­stance, you can buy — and fully own — a one-be­d­room at Bayview Res­i­dences for $380,000 or at The Falls for $419,000.

Own­ing a one-be­d­room condo at Park­side would cost at least $600,000.

How­ever, as the “condo com­par­i­son” on the com­pany’s blog shows,

Park­side of­fers more ameni­ties than most, in­clud­ing an Olympic-sized in­door swim­ming pool and hot tub, an on-site spa, a pri­vate 29seat movie the­atre, a rooftop gar­den and a chic pent­house lounge.

Monthly fees in Park­side Green are about $350. It in­cludes a typ­i­cal strata or condo fee and a home­owner’s fee, which cov­ers ex­penses such as fur­ni­ture re­place­ment, laun­dry, ca­ble and hy­dro.

Quar­ter-share own­ers have “their” unit for a min­i­mum of 12 weeks a year, in­clud­ing one month of prime­time in the sum­mer.

The bonus with hav­ing a frac­tional prop­erty is that you can rent out your por­tion if you’re not us­ing it.

Park­side pays own­ers 65 per cent of the rental rev­enue, which Pear­son says is higher than the usual 50/50 split, but that’s be­cause own­ers have other main­te­nance fees.

Pre-sales be­gan in late 2004 and to date, about 300 quar­ter shares have been sold to about 250 own­ers, al­most half of them from Alberta.

CEN­TRE OF VIC­TO­RIA

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