Peach­land of a deal for Al­berta pur­chasers

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

APEACHLAND, B.C. lberta buy­ers are expected to show up now that Pon­derosa Golf and Coun­try Club has launched in Peach­land, the idyl­lic lit­tle town a half-hour south of Kelowna, B.C.

“We ex­pect to get a good chunk of buy­ers from Ed­mon­ton, Cal­gary and Van­cou­ver be­cause they love the Okana­gan and golf for va­ca­tion homes,” says Norm Porter, CEO of Pon­derosa De­vel­op­ment Ltd.

There had been a Pon­derosa Golf Course over­look­ing Okana­gan Lake for decades.

But when the orig­i­nal Pon­derosa fell into re­ceiver­ship, it was rein­car­nated as a 166-hectare mas­ter planned community with com­pletely re­designed 18-hole cham­pi­onship course, sur­rounded by 2,300 homes.

The de­vel­op­ment gets its name from the ex­pan­sive Pon­derosa pine forests that cover the moun­tain­side and bor­der the golf course and homes.

The first two show homes for the 69-unit hill­side town­house de­vel­op­ment, The Trails, are now open.

The golf course will open in sum­mer 2013.

One of the dis­play homes fea­tures a cool colour pal­ette of grey, blue and green, while the other show home high­lights warm shades of tan, brown and yel­low.

The Crafts­men-style, two-and three-bed­room town­houses range in size from 1,250 to 2,000 square feet and are priced $299,000 to $525,000 de­pend­ing on size, fin­ish­ings and view.

“With the re­cent re­ces­sion, the re­al­ity is the cost of con­struc­tion is lower right now,” says sales and mar­ket­ing di­rec­tor Ju­lia Debolt.

“These are very good prices for town­houses of this cal­i­bre on a cham­pi­onship golf course.”

All of the town­houses have Shaker-style ex­te­ri­ors with wood beams, stone ac­cents and big pa­tios.

In­te­ri­ors are open plan, with ex­pan­sive win­dows to let in the nat­u­ral light. They fea­ture en­gi­neered hard­wood floors and Shaker-style kitchens with is­lands, gran­ite coun­ter­tops and stain­less steel ap­pli­ances.

Spa-in­spired bath­rooms are out­fit­ted with tile floors and Kohler fix­tures.

Twelve have al­ready sold. The first 25 buy­ers of town­houses get their choice of $10,000 worth of up­grades or $10,000 to­ward a golf mem­ber­ship. Life­time golf mem­ber­ships are $20,000, with an­nual dues of $3,000.

Speak­ing of the golf, Pon­derosa brought in the big gun for the course re­design.

It’s Aus­tralian pro­fes­sional golfer Greg Nor­man, the man nick­named The Shark, whose aptly named The Shark Com­pany does golf course con­sult­ing, de­sign and con­struc­tion.

“Our vi­sion is to build a sus­tain­able re­sort of great golf and great homes,” says Pon­derosa gen­eral man­ager and di­rec­tor of golf Dou­glas Goubalt.

“Pon­derosa truly is spe­cial in the Okana­gan. Greg has cre­ated a sig­na­ture course here that takes full ad­van­tage of the views and the ter­rain.”

Six­teen of the 18 holes on the 7,200-yard course have stun­ning views of Okana­gan Lake far be­low.

And rather than blast away im­por­tant ge­o­graph­i­cal fea­tures, Nor­man was care­ful to cre­ate a course that hugs the to­pog­ra­phy and wraps around Pin­cush­ion Moun­tain, to in­cred­i­ble ef­fect.

Porter, who has also de­vel­oped mas­ter-planned com­mu­ni­ties in the Van­cou­ver sub­urbs of Sur­rey and Rich­mond, likes to tell the story of how he pur­sued Nor­man to re­design the course.

“Greg was play­ing in the Telus Skins Game at Preda­tor Ridge (in nearby Ver­non, B.C.) in 2008,” ex­plains Porter.

“I paid $12,800 in an auc­tion to be his caddy for two days and pitched Pon­derosa to him. I had even rented a he­li­copter to take him out to the site if he said yes.”

It will likely take 13 to 18 years to fully build out all the homes at Pon­derosa, which Porter says is in keep­ing with the cur­rent tight real es­tate and golf mar­ket.

Af­ter the ini­tial 69 town­houses, 135 plots of land to build sin­gle fam­ily homes will go on the mar­ket over the win­ter, and by spring, golf and win­ery (yes, a win­ery is part of fu­ture plans) cot­tages will start to be built.

Check out pon­deros­aliv­ing. com or call 250-767-2148.

Visit our web­site un­der the head­ing, ‘Rec Prop­er­ties,’ for more pho­tos and sto­ries.

Photo, Pon­deroa Golf and Coun­try Club

The Trails town­houses have open plan in­te­ri­ors and wooden floors.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.