Tracks nearly cleared for University City
Calgary’s first transit-oriented mixed-use project could start in spring
Ground could be broken as early as next spring on Calgary’s f irst transitoriented development (TOD).
The multi-million-dollar University City project is to be in the northwest community of Brentwood.
The f irst phase of the project — an 18-storey tower with 216 apartment condos, along with a street-level retail podium — is dependent on when the development partners reach a required pre-sale goal of 50 per cent.
“I don’t think we’re going to have a problem reaching that goal,” says Howard Sokolowski, CEO of Toronto-based Metropia Urban Landscapes.
“In the first couple of hours of marketing, we had a list of more than 200 names of interested people.”
The company has partnered with Calgary’s Knightsbridge Homes to bring the project to market.
Units in the first tower will be priced from $159,900 for a studio to two-bedroom suites that will start at $189,900.
Joe Starkman, an ownership partner in Knightsbridge Homes, says the Brentwood TOD is the first to be approved under the city’s strategy to create mixeduse neighbourhoods close to LRT lines. “We received land use approval in 2008 and the Brentwood Station Area Redevelopment Plan was given final approval in November 2009,” he says.
The first two towers of University City are to be in close proximity to the Brentwood LRT station. The first tower is shown in orange in this artist’s rendering.
Clockwise from top, the towers (from left) in phases one and two. Above, University City in relation to the other businesses in the Brentwood shopping centre. Far left, the Brentwood LRT station.