Swan helps se­niors live in com­fort

In­vestors snap up Ever­green Vil­lage apart­ment units

Calgary Herald - Calgary Herald New Condos - - New Condos - CLAIRE YOUNG

Swan Ever­green Vil­lage is an op­por­tu­nity for Al­ber­tans to invest in se­niors hous­ing, of­fer­ing an af­ford­able, com­fort­able place for se­niors to live, say the peo­ple be­hind Swan Ever­green Vil­lage.

“If you want to invest in as­sisted liv­ing, this is one of the few ways to own the real es­tate,” says Richard Li, pres­i­dent of Swan De­vel­op­ment Group.

Swan Ever­green Vil­lage is a four­storey, pur­pose-built se­niors as­sisted liv­ing com­plex in the city’s south­west com­mu­nity of Ever­green.

In­vestors buy units in the build­ing, hold­ing ti­tle of the real es­tate, and then units are man­aged as rentals through Ori­gin Ac­tive Life­style Com­mu­ni­ties, a company with a track record in Cal­gary and other ci­ties in Canada.

This is Swan De­vel­op­ment Group’s third as­sisted liv­ing project in the city, says Mike Butt, the company’s gen­eral man­ager. The first project was con­structed in Val­ley Ridge a decade ago in north­west Cal­gary. The sec­ond project was White­horn Vil­lage Re­tire­ment Com­mu­nity on 52nd Street N.E.

The first phase of Swan Ever­green Vil­lage con­sists of a U-shaped build­ing with 135 units. Phase 2 will add another wing onto the build­ing, with another 88 units.

The units will in­clude a range of sizes and floor plans, in­clud­ing stu­dio, one-bed­room and two-bed­room homes.

Prices start at $215,000, plus GST. Con­struc­tion is un­der­way and pos­ses­sions are ex­pected in late 2015.

The first phase of Swan Ever­green Vil­lage is 95 per cent sold, many units to those al­ready fa­mil­iar with Swan Group’s ear­lier projects.

“A lot of th­ese in­vestors came from the pool of in­vestors in White­horn,” says Li.

This third de­vel­op­ment re­flects ar­chi­tec­tural changes bases on the ex­pe­ri­ences of res­i­dents in the first two projects.

“We’ve beefed it up for the mod­ern life­style,” says Li.

There is more common space that can be used for so­cial­iz­ing, movies and ex­er­cise classes, says Liu. There is more spare space that can be used by Ori­gin as it sees needs from its res­i­dents.

The na­ture of this in­vest­ment may ap­peal to those who wish to own real es­tate as an in­vest­ment but don’t want to man­age ten­ants or deal with the on­go­ing phys­i­cal up­keep of the space, says Vincent Liu, di­rec­tor of de­vel­op­ment.

“This is re­ally main­te­nance-free,” he says.

Res­i­dents will en­joy meals in the din­ing room, the abil­ity to make snacks in their rooms, have a drink with friends in the lounge, and en­joy or­ga­nized so­cial ac­tiv­i­ties. Swan Ever­green Vil­lage al­lows se­niors to stay close to fam­ily or a part of the city they have lived, all while hav­ing ac­cess to med­i­cal su­per­vi­sion.

“When you’re try­ing to find a place where Mom and Dad need to go, this is a safe place where the fam­ily can feel com­fort­able know­ing they are be- ing cared for,” says Butt.

For those who are in­de­pen­dent, the lo­ca­tion at 2635 Ever­syde Ave. S.W. is within walk­ing dis­tance of shop­ping and ser­vices, as well as on tran­sit. There is also a se­cure mem­ory wing for res­i­dents with de­men­tia.

For in­for­ma­tion on Swan Ever­green Vil­lage, call Dianne Brown of Re/Max Land and Real Es­tate at 403-256-3888.

You can also send her an email at [email protected]­an­nebrown.ca.

Claire Young/Cal­gary Her­ald

From left, the Swan Group’s se­nior site su­per­vi­sor Den­nis Lech­ler, di­rec­tor of de­vel­op­ments Vincent Liu, pres­i­dent Richard Li and gen­eral man­ager Mike Butt re­cently gath­ered at the Swan Ever­green Vil­lage site where work has be­gun on a new build­ing for...

Swan Group

An artist’s ren­der­ing of the ex­te­rior of Swan Ever­green Vil­lage.

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