It all adds up at Eighty5nine
Vertical Properties project location helped attract Calgary couple
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.”
Dave Gladney, acting president of Vertical Properties.
VERTICAL ON THE RISE
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.
A detail of part of the development.