Lido serves up tasteful options
Battistella’s latest classic half sold
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.
Construction on the Lido development in Kensington, which includes 60 condo units, is slated to begin in the fall.