Lido serves up taste­ful op­tions

Bat­tis­tella’s lat­est clas­sic half sold

Calgary Herald - Calgary Herald New Condos - - New Condos - MARTY HOPE

Out with the old, in with the new.

With the doors closed for­ever on the Lido Cafe in Kens­ing­ton, de­mo­li­tion this sum­mer will open the way for con­struc­tion in the fall of an eight-storey, mixe­duse con­do­minium project that will carry on the iconic diner’s name.

With 27 of its 60 units al­ready sold, Lido by Bat­tis­tella De­vel­op­ments has proven pop­u­lar and suc­cess­ful, says Traci Wil­son, sales and mar­ket­ing man­ager.

“Al­though there have been some younger cou­ples buy­ing, the ma­jor­ity of our buy­ers have been emp­tynesters or down­siz­ers. But they like the fact they’re in the heart of Kens­ing­ton, close to down­town with­out be­ing down­town,” she says, adding that the more ma­ture buy­ers can, “lock it up and go to Phoenix for the win­ter.”

Lido will of­fer units mea­sur­ing from 433 to 1,469 square feet with prices run­ning from $280,000 for a one-bed­room with no park­ing, up to a three-bed­room model with two park­ing stalls start­ing at $900,000. In ad­di­tion to the 60 res­i­den­tial units, Lido will also in­clude street-level re­tail space, a 21-suite ex­ec­u­tive long-stay ho­tel on the sec­ond floor, and three lev­els of un­der­ground park­ing — two for res­i­dents and one that will be op­er­ated by the City of Cal­gary.

The con­do­minium units will be de­vel­oped from the third to eighth floors, with the small­est be­ing on the third.

The larger units will cover the re­main­ing floors.

“We’ve had a lot of in­ter- est in Kens­ing­ton for big­ger units, for two-bed­room plans and a bit higher-level fin­ishes, so that’s what we’re do­ing at Lido,” says Wil­son.

With con­struc­tion slated to start this fall, Wil­son ex­pects first oc­cu­pan­cies to be­gin in the fall of 2016.

Lido is the lat­est cre­ation by the Bat­tis­tella fam­ily that, since 1980, has been a leader in the re­de­vel­op­ment of in­ner-city com­mu­ni­ties in Cal­gary. And it comes on the heels of an­other Bat­tis­tella suc­cess — Pixel — that sits right next door.

Lido is lo­cated at 149 10th St. N.W. For in­for­ma­tion on Lido, visit www.bat­tis­tella. ca/ lido.

Bat­tis­tella De­vel­op­ments

Con­struc­tion on the Lido de­vel­op­ment in Kens­ing­ton, which in­cludes 60 condo units, is slated to be­gin in the fall.

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