It all adds up at Eighty5nine

Ver­ti­cal Prop­er­ties project lo­ca­tion helped at­tract Cal­gary cou­ple

Calgary Herald New Condos - - Front Page -

CLAIRE YOUNG

When it came time to buy a home to­gether, a Cal­gary cou­ple kept coming back to the west side of Cal­gary.

Partly for prac­ti­cal and partly for emo­tional rea­sons, the de­ci­sion was easy for them when they saw the plans for Eighty5Nine — a mixe­duse condo apart­ment, town­home and small com­mer­cial project at the north­east cor­ner of 85th Street and 9th Av­enue S.W.

“For us, it’s the area,” says Ben Maize.

“We met up in a restau­rant in that area. To us, it feels like we’re go­ing to be a part of some­thing and be part of a trendy com­mu­nity — that’s what we’re ex­cited about — and the po­ten­tial. We feel it’s a smart in­vest­ment for us, fi­nan­cially.”

Maize and Rachel Scholz, both 34, are ex­pect­ing their first child in Oc­to­ber. They bought the largest unit in the devel­op­ment, which is by Ver­ti­cal Prop­er­ties. The com­pany is also build­ing Sonoma in Sage Hill, a town­home project in the north­west.

“We went with the ex­ec­u­tive town­home,” says Maize. “It was a one-off unit — there was only one (that large) they were de­vel­op­ing in the whole project.”

Eighty5Nine will hold 83 res­i­den­tial units in four build­ings on the two-hectare site.

Maize and Scholz’s unit, with more than 1,700 square feet, has three bed­rooms and is a cor­ner unit. It was $489,000, not in­clud­ing tax. Condo fees will be about $400 per month.

“We’re su­per stoked,” says Maize. “What at­tracted us to that was its size, and the bal­cony was a big sell­ing fea­ture as well. It will be mas­sive, 16 by 12 feet, and fac­ing south, so we’ll get a lot of sun through­out the day and hopefully over­look that busy lit­tle cor­ner there.”

Their town­home has a ground-level en­trance to the cov­ered park­ing garage.

The sec­ond floor has the open-con­cept liv­ing space with great room, kitchen and din­ing area. The bed­rooms are on the third floor.

Maize, who works in the draft­ing de­part­ment of a home­build­ing com­pany, ex­pects the struc­ture’s con­struc­tion to be sound.

“I work in the con­struc­tion in­dus­try and I’m pretty fa­mil­iar with the trade part­ners that Ver­ti­cal is us­ing,” he says. “All the trades part­ners have ex­cel­lent rep­u­ta­tions and we’re bank­ing on that.”

Ver­ti­cal Prop­er­ties was a lit­tle sur­prised at the at­ten­tion Eighty5Nine gar­nered be­fore it was more than merely a sign on the site.

“We’ve just been a lit­tle over­whelmed by the re­sponse,” says Dave Glad­ney, act­ing pres­i­dent of Ver­ti­cal Prop­er­ties.

“More than 50 peo­ple put down de­posits from only hav­ing seen the sign on the cor­ner of the prop­erty. Within two weeks, we should have 16 or 17 firm deals done. We’re very happy with the way it’s start­ing. We’re hop­ing to have the sales cen­tre open in April.”

The com­pany put up a Face­book page with in­for­ma­tion about the project, and met with in­ter­ested buy­ers at a lo­cal restau­rant.

“There has been big de­mand for town­home or condo-type projects on the west side,” says Glad­ney. “I think there’s pent-up de­mand on the west side for this type of prod­uct.”

A de­tailed web­site will launch at the end of the month.

Eighty5Nine in­cludes brown­stones, one-bed­room flats, city homes, ex­ec­u­tive homes and ter­race homes in the 83-unit project.

WHAT YOU NEED TO KNOW

PROJECT: Eighty5Nine. DE­VEL­OPER/ BUILDER: Ver­ti­cal Prop­er­ties. PRICE: One-bed­room units start in the $240,000s, while two-bed­room units start at $359,900, not in­clud­ing GST. The largest units, which are town­homes, start in the $390,000s. Condo fees start at $134.57 per month for the flats and range up to $371.31. LO­CA­TION: 882 85th St. S.W. in West Hills. From Bow Trail, turn north on 85th Street S.W. Eighty5Nine is at the cor­ner of 85th Street and 9th Av­enue S.W. IN­FOR­MA­TION: A web­site is coming soon to eighty5nine.com, or check out Face­book at face­book. com/eighty5nine

There are 11 “flats,” one-bed­room units of about 600 square feet, start­ing from the $240,000s. Ter­race homes of­fer two master bed­rooms with two-anda-half baths in about 1,100 square feet.

There are seven brown­stone units, with two bed­rooms, flex room and two-and-ahalf baths, and pa­tio. They are up to 1, 460 square feet and start at $387,900.

City homes are twobed­rooms plus a flex room and two-and-ahalf baths, with up to 1, 225 square feet.

They of­fer di­rect ac­cess off a pa­tio to a green court­yard and start at $359,900.

There are three build­ings hold­ing 14 town­homes in the $390,000 range, with the first phase of th­ese sold out.

Condo fees will range from about $135 to $371 per month.

The al­lure of the project has at its heart: lo­ca­tion, lo­ca­tion.

“The lo­ca­tion has so much com­mer­cial in that sec­tor, with five or six com­mer­cial bays on our project. Loblaws has just signed a lease,” says Glad­ney.

“There’s a Star­bucks and Mer­cato (nearby). It’s very close to the LRT line, so it’s only 10 to 15 min­utes to get down­town. Be­ing on the west side, you’re only 10 to 15 min­utes to get out of the city head­ing west. The lo­ca­tion is fab­u­lous.”

Ver­ti­cal Prop­er­ties aims to break ground this sum­mer, with pos­ses­sions by the sum­mer or fall of 2014.

The con­ve­nience of the mixe­duse project will serve its res­i­dents well, says Glad­ney.

Ver­ti­cal Prop­er­ties has part­nered with Royop Devel­op­ment Corp. on the com­mer­cial side.

Royop cre­ated a lease with Loblaws and will man­age the 5,000 square feet of com­mer­cial on the ground level of Eighty5Nine.

“This type of mixed use is really be­ing en­cour­aged by the city — a res­i­den­tial over a com­mer­cial type of thing,” says Glad­ney.

Maize and Scholz are look­ing for­ward to liv­ing in their new home and neigh­bour­hood. “We love the area,” says Maize. “We feel that the west end has the most po­ten­tial and it’s our life­style. We like to take off to the moun­tains quickly on the week­ends. We just love that area.”

Cal­gary Her­ald/files

Dave Glad­ney, act­ing pres­i­dent of Ver­ti­cal Prop­er­ties.

VER­TI­CAL ON THE RISE

Adrian Shel­lard/for the Cal­gary Her­ald

Rachel Scholz and Ben Maize on the site of Eighty5Nine by Ver­ti­cal Prop­er­ties at 85th Street and 9th Av­enue S.W. The cou­ple pur­chased an ex­ec­u­tive town­home.

Ver­ti­cal Prop­er­ties

A de­tail of part of the devel­op­ment.

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