Tracks nearly cleared for Uni­ver­sity City

Cal­gary’s first tran­sit-ori­ented mixed-use project could start in spring

Calgary Herald - Calgary Herald New Condos - - Front Page - MARTY HOPE

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.

Cour­tesy, Knights­bridge Homes

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.

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