Stu Hart’s for­mer home up for sale

Her­itage man­sion, com­pletely ren­o­vated in 2009, on mar­ket for $ 6M

Calgary Herald - - FINANCIAL POST - DAVID PARKER David Parker ap­pears Tues­day, Thurs­day and Fri­day. Read his col­umns online at cal­gary­her­ald. com/ busi­ness. He can be reached at 403- 830- 4622 or by e- mail at info@ david­parker. ca

Since wrestling pa­tri­arch Su Hart died in 2004, the man­sion he lived in, trained in and where he and He­len raised their 12 chil­dren has been the sub­ject of lots of media in­ter­est.

Built in 1905, the her­itage des­ig­nated three- storey brick house with six bed­rooms and seven bath­rooms was sold to Dario Ber­loni, one of Cal­gary’s best known and most suc­cess­ful restau­ra­teurs.

He opened Teatro Ris­torante in 1993 in the clas­sic Do­min­ion Bank build­ing on the edge of Olympic Plaza and is one of this city’s prime restau­rants, with a wine cel­lar of more than 1,000 la­bels. Since then his Teatro Group has ex­panded to in­clude Cucina and E. A. T. in Eighth Av­enue Place, Ven­dome in Sun­ny­side, Ca’Puc­cini in Arts Com­mons, and will open Al­fonso Bak­ery in Eau Claire this fall.

He had sev­eral at­tempts to con­vert the prop­erty sur­round­ing the Hart res­i­dence into an ex­cit­ing de­vel­op­ment but, af­ter be­ing re­fused per­mis­sion to build to his lik­ing, was suc­cess­ful in get­ting Di­rect Con­trol Zon­ing in place to al­low for the 2.2 acres ( al­most one hectare) to ac­cept 14 units per hectare.

The de­vel­op­ment op­por­tu­nity at 435 Patina Place S. W. is now be­ing brought to mar­ket through Richard Lewis, of Torode Realty Ad­vi­sors, who has pre­sented a site plan propos­ing nine sin­gle- fam­ily lots. But he will also be pro­mot­ing it as a fine res­i­dence within a very pri­vate en­clave in the up­scale com­mu­nity of Pat­ter­son.

Lewis says the 6,899- squarefoot res­i­dence was com­pletely ren­o­vated in 2009 as a Smart Home by Ber­loni to a very high stan­dard with new boil­ers, elec­tri­cal and me­chan­i­cal and also of­fers two at­tached garage units and a coach house. Ask­ing price has been set at $ 6 mil­lion.

As a Re­al­tor with a fo­cus on down­town and the beltline dis­tricts, Lewis has en­joyed a long­stand­ing re­la­tion­ship with Ber­loni and has a unique knowl­edge of the real es­tate along Eighth Av­enue. He has been in­volved in the sale of many of its his­toric build­ings since he be­gan his real es­tate ca­reer with John Torode, who rec­og­nized the po­ten­tial in the Fourth Street Rose waiter back in 1989. Af­ter Torode sold his busi­ness to Bar­clay Street Real Es­tate, Lewis made the de­ci­sion to live in High River but came back to the city ear­lier this year to work along­side Torode again.

But he still en­joys re­la­tion­ships with High River and another fine prop­erty he is rep­re­sent­ing is the 1907 Koch Block orig­i­nally con­structed as a two- storey com­mer­cial/ residential build­ing at 111 3rd Av­enue S. W.

Owned by Diane and Brent Rawl­in­son, who are also the own­ers of three Ve­spucci Ladies Consignment lo­ca­tions and oth­ers in Ed­mon­ton and Toronto, the Koch Block was one of the ca­su­al­ties of the 2013 High River flood­ing. Empty to­day but it has now been com­pletely re­me­di­ated.

Priced at $ 1.6 mil­lion, it has a to­tal of 15,000 square feet on the two floors, with great re­tail ex­po­sure within the cen­tral busi­ness dis­trict. It’s good to see Lewis back in the city, busy with his in­vest­ment sales and work­ing along­side Torode again.

The Hong Kong- Canada Busi­ness As­so­ci­a­tion is hold­ing a net­work­ing event called Il­lu­mi­na­sia at the Cal­gary Zoo on Sept. 23 to help its CEO, Cle­ment Lan­thier, celebrate the zoo’s Chi­nese Lan­tern & Gar­den Fes­ti­val Sept. 17 to Nov. 1.

Lan­thier will give a back­ground talk on the history be­hind the fes­ti­val and guest speaker P. J. L’Heureux, founder and pres­i­dent of Craft Beer Mar­ket, will no doubt be thrilled to talk about the open­ing of his new­est lo­ca­tion in Shang­hai later this year, with plans to fol­low up with oth­ers in Hong Kong, Ma­cau, Bei­jing and Chengdu.

Min­has Mi­cro Brew­ery in Cal­gary is al­ready close to ca­pac­ity at 200 bot­tles/ cans per minute, so Ravin­der Min­has or­dered six more fer­men­ta­tion tanks.

That’s a lot of beer, but Min­has now has a con­tract with Costco to sup­ply 600,000 to 700,000 cases per week in the U. S., Mexico, Puerto Rico, Tai­wan and Ja­pan from its Cal­gary and Wis­con­sin brew­eries.

And Min­has tells me the Kirkland Sig­na­ture Light will soon be avail­able in Canada.

The house for­merly owned by wrestling pa­tri­arch Stu Hart is up for sale by Dario Ber­loni of the Teatro Group and Richard Lewis of Torode Realty Ad­vi­sors.


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