‘Win­ner for us’

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

“The homes will be high­erend, but still af­ford­able at $479,000 for town­houses and $749,000 for the vil­las,” says Ham­don.

Hav­ing just 60 res­i­dences on the prop­erty has left room for nat­u­ral green space, park ar­eas and the abil­ity to do some ad­di­tional land­scap­ing.

“It’s al­ready a great site, a dy­na­mite site, and it is a pretty good rea­son why we fig­ured the High­lands would be a win­ner for us,” says Ham­don.

Lead sales con­sul­tant Brian Cas­sidy says the range of buy­ers has been pretty much what he ex­pected — young pro­fes­sion­als, along with newly-sin­gle peo­ple, oth­ers look­ing to down­size, and snow­birds.

“Across the com­mu­nity, we have a nice rounded de­mo­graphic,” he says. “Many of our buy­ers are from around the 85th Street cor­ri­dor and oth­ers are com­ing off acreages, or from north­west com­mu­ni­ties like Rocky Ridge and Tus­cany.”

Deep ser­vice in­stal­la­tion is to be­gin this spring, with con­struc­tion start­ing in the sum­mer and pos­ses­sions to be­gin in early 2012.

The sec­ond site Cove owns is north of Ninth Av­enue on the east side of 85th Street.

Plan­ning for this twohectare plot of land is still in the pre­lim­i­nary stages. Cove Prop­er­ties is still await­ing re­zon­ing ap­proval from city of­fi­cials.

Ham­don hopes to have the zon­ing in place by the lat­ter part of this year so pre-sales and con­struc­tion can be­gin — hope­fully be­fore the end of the year.

Ini­tial plans call for be­tween 140 and 150 low-rise apart­ment con­dos.

“It’s a small site, but we’re ex­cited about the pos­si­bil­i­ties — and it will be af­ford- able, some­thing that will ap­peal to first-time buy­ers and peo­ple mov­ing down in the mar­ket­place,” says Ham­don.

More than a half-hectare of land has been given to the city for use as a park that will also in­clude a bus en­clo­sure.

“We’ve got a lot go­ing on in Cal­gary — five projects with 650 units — and that’s enough for us in Cal­gary right now,” says Ham­don. “Things are look­ing good.”

John Spar­row, who is mar­ket­ing the devel­op­ment for Cove Prop­er­ties, with renderings and plans of the project.

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