‘Winner for us’
“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.