SoBow grows with the flow

In­gle­wood com­plex, named for area south of Bow River, en­ters next phase

Calgary Herald - Calgary Herald New Condos - - Front Page - CLAIRE YOUNG

The de­vel­oper of an In­gle­wood condo com­plex is cel­e­brat­ing the top­ping off of a tower in the project, al­low­ing con­struc­tion to fin­ish on the next tower by the end of Jan­uary.

“We have proven build­ing el­e­ments,” says Iain McCorkin­dale, pres­i­dent of M2I De­vel­op­ment Corp., about the 1912Cross tower in the SoBow project.

“We have ma­sonry, glass and metal cladding — all durable and weather re­sis­tant. Our en­ve­lope sys­tem, cou­pled with our HVAC sys­tem, is get­ting us a 30.2 per cent re­duc­tion in our en­ergy model, which is why we’ve achieved BuiltGreen HD (high-0den­sity build­ing) and we’re on track for a sil­ver rat­ing.”

The 1912Cross build­ing’s west tower now has its top slab poured, al­low­ing con­struc­tion to start on the east tower.

Named for its lo­ca­tion south of the Bow River, SoBow will even­tu­ally con­tain up to 700 homes in a va­ri­ety of build­ings rang­ing from four to 12 storeys.

The Grande House, built by the de­vel­op­ment’s pre­vi­ous own­ers, is in place and fea­tures a large gym. A bistro will re­open in the spring.

Next door, 1912Cross is un­der­way. The six-storey con­crete build­ing with 120 units has two wings flank­ing a court­yard. The west tower is about half sold, while the east tower will likely go up for sale in the spring.

Buyer Gor­don Sinn en­joys the vi­brancy of liv­ing down­town, but he knew he wanted his per­ma­nent home in a slightly qui­eter neigh­bour­hood.

Sinn, 24, came to Cal­gary two years ago to work with a tax con­sul­tant com­pany for the oil and gas in­dus­try. When it came time for the Toronto na­tive to buy his first home, he ex­plored down­town and other in­ner-city com­mu­ni­ties.

As his re­al­tor was driv­ing him back from a foray into another neigh­bour­hood, they drove past SoBow and Sinn de­cided to check it out. “I re­ally liked their floor plan, es­pe­cially the onebed­room that I got,” he says.

“Nor­mal one-bed­rooms in the area did not have a din­ing room sec­tion di­vided up. That drew me in. I thought of how I can eas­ily en­ter­tain friends and I can see my­self liv­ing in it.”

In­gle­wood is an his­toric in­ner-city com­mu­nity just east of Fort Cal­gary near the El­bow and Bow rivers that has plenty to of­fer him — a quiet area next to na­ture and the rivers, along with quick ac­cess to the neigh­bour­hood’s vi­brant 9th Street re­tail, restau­rant and night­club strip.

“The rea­son I picked In­gle­wood was be­cause I am in my mid-20s,” says Sinn.

“I think in the next year or two that the Belt­line will be too busy and too loud for me. I want some quiet. Here, the park in the back is great and the lit­tle bou­tique shops are great.”

Sinn bought a one-bed­room unit that is slightly more than 700 square feet.

“For the price point, I don’t think you can find any­thing close to it,” he says. “It’s a rel­a­tively new build and the space is re­ally well thought-out. The lay­out is awe­some.”

SoBow’s prices are com­pet­i­tive, says McCorkin­dale.

“Our pric­ing is about 20 to 25 per cent un­der mar­ket right now,” he says.

“The mar­ket is about $550 to $600 a square foot and we’re $415 a square foot on av­er­age, so we’re priced to be very at­trac­tive in this phase.”

Sales di­rec­tor David Frid says there is a wide va­ri­ety of homes — from stu­dios and one-bed­room units to two-bed­room­splus-dens and town­homes.

The largest are three-bed­room units of 1,632 square feet. One-bed­room units start from $300,000, and two-bed­room units are from $370,000, not in­clud­ing tax.

The wide va­ri­ety aims to at­tract a large spec­trum of res­i­dents. “Our pur­chasers get In­gle­wood — that’s prob­a­bly our pri­mary sell­ing fea­ture,” says Frid. “The park and be­ing on the river are also huge. It’s those three com­po­nents and be­ing in the in­ner city with­out be­ing smack in the mid­dle of rush hour and noise.”

One in four visi­tors to the sales cen­tre have bought at the project since June, says Frid. “It proves that as soon as you come through, you get it.”

In 2011, a new part­ner­ship took SoBow out of re­ceiver­ship and spent a year re­design­ing and re­launch­ing the de­vel­op­ment. Since May of this year, con­struc­tion has picked up again.

The fact that the project is back on track is re­as­sur­ing to Sinn. “They had the money to start on the con­struc­tion be­fore they sold out all the suites, so that made me feel a lot more con­fi­dent that they had the money to start the con­struc­tion be­fore they sold out all the suites,” he says.

As Sinn spends more time in Cal­gary, the more he finds he’s get­ting into the out­door groove the city is known for, in­clud­ing its prox­im­ity to the Rocky Moun­tains.

“I grew up in Toronto and it’s def­i­nitely a dif­fer­ent life­style,” he says. “I feel like you get to do more out­door ac­tiv­i­ties here and you’re more out in na­ture here. I’m see­ing a lot of op­por­tu­ni­ties in Cal­gary and I’m def­i­nitely go­ing to stay here for the fore­see­able fu­ture. That’s why I de­cided I re­ally wanted to pur­chase a place.”

Adrian Shel­lard/For the Cal­gary Her­ald

SoBow buyer Gor­don Sinn, 24, a Toronto na­tive who came to Cal­gary two years ago, knew he wanted his first home to be in a slightly qui­eter neigh­bour­hood.

M2I De­vel­op­ment Corp.

An artist’s ren­der­ing of the liv­ing area in a 1912Cross apart­ment condo unit in SoBow.

Adrian Shel­lard/For the Cal­gary Her­ald

Buyer Gor­don Sinn likes In­gle­wood’s prox­im­ity to the Bow River.

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