THE HIGH LIFE ON THE HORI­ZON IN KENS­ING­TON

The Theodore’s stylish yet af­ford­able con­dos to tower over the area’s cool cof­fee shops, trendy restau­rants

Calgary Herald - - NEW CONDOS - CINDY STEPHEN

Ge­ol­o­gist Ta­tum Haglund has been rent­ing an apart­ment in the Hill­hurst Sun­ny­side neigh­bour­hood for the last three years. Born and raised in Cal­gary, she had al­ways as­pired to live in the Kens­ing­ton area with its cool cof­fee shops, bou­tiques and restau­rants.

She re­cently cel­e­brated a ca­reer mile­stone, which gave her the con­fi­dence to start shop­ping for a place of her own; some­thing af­ford­able and com­pat­i­ble with the in­ner-city life­style she’s come to love.

“It’s a buy­ers’ mar­ket right now and with work the tim­ing was good,” she says. “I looked in the typ­i­cal ar­eas for young pro­fes­sion­als like the Belt­line, 17th Av­enue and In­gle­wood. I looked a lit­tle in Bridge­land, too.”

Dur­ing her search, a sign went up at the cor­ner of 10th Street N.W. and Glad­stone Road N.W., next door to her apart­ment. It was ad­ver­tis­ing a fu­ture condo de­vel­op­ment called the Theodore by Toronto-based Gray­wood De­vel­op­ments. Home own­er­ship just fell in her lap.

Haglund says she was among the first to visit the sales cen­tre.

“It’s a re­ally nice build­ing in a good spot in Kens­ing­ton. You’re close to ev­ery­thing, but it’s a bit fur­ther north, so it’s a lit­tle qui­eter. There are lots of trees and it’s close to the park,” she says.

The 10-storey, mixed-use build­ing will be con­structed on the site of a Royal Bank branch. The bank goes in the spring and Gray­wood breaks ground in June 2020. The project won’t be ready for oc­cu­pancy un­til late 2021, but the time­line works well for Haglund, who is still or­ga­niz­ing her down pay­ment.

“I didn’t get help from fam­ily — it’s all me. It’s five per cent down, then a while later it’s an­other five per cent. I have un­til the move-in date to put down as much as pos­si­ble,” she says.

Her 656-square-foot unit is the D -1, a one-bed­room-plus-den, open-con­cept floor plan with lam­i­nate floors, quartz coun­ter­tops, a gas range, in-suite laun­dry and a west-fac­ing bal­cony. Of the three in­te­rior colour pack­ages of­fered by Gray­wood, Haglund chose darker wood floors with lighter cab­i­netry and a white back­splash.

She chose the fourth floor for the po­ten­tial view of Kens­ing­ton over the tree­tops. There’s a rooftop pa­tio with a firepit and seat­ing area, which she says she’ll def­i­nitely use.

“When you live in a neigh­bour­hood with lots of places to go, your place be­comes a meet­ing point. My friends of­ten end up hang­ing out at my place.”

The D-1 floor plan is priced from $340,000 and is just one of four one-bed­room-plus-den lay­outs at the Theodore. So far, the B-1 ju­nior one bed­room, at a com­pact 508 square feet, is the most pop­u­lar among buy­ers, priced from the $260,000s with­out park­ing.

“Peo­ple like the lo­ca­tion, ob­vi­ously, with prox­im­ity to the univer­sity or to SAIT and tran­sit nearby. That’s mak­ing it a very de­sir­able op­tion for first-time buy­ers or as an in­vest­ment prop­erty,” says Pa­trick Briscoe, Gray­wood vice-pres­i­dent of de­vel­op­ment.

The build­ing will also have a pair of two-bed­room-plus-den units and, at the pen­t­house level, three-bed­room lay­outs with 1,500 lux­u­ri­ous square feet and a $1-mil­lion-plus price tag.

Un­like other de­vel­op­ments in the neigh­bour­hood, Gray­wood re­ceived city ap­proval to build 10 storeys up, so res­i­dents on the eighth, ninth and 10th floors will have un­ob­structed views.

The Theodore will have two lev­els of un­der­ground park­ing, bike stor­age, 8,000 square feet of re­tail space and wrap­around floor-to­ceil­ing win­dows on the build­ing’s sig­na­ture cor­ner.

Call­ing it a “gate­way” lo­ca­tion on 10th Street, Briscoe says he’s see­ing in­ter­est from down­siz­ers from the Capi­tol Hill and Mount Pleas­ant ar­eas who fre­quent Kens­ing­ton and young pro­fes­sion­als, like Haglund, who are rent­ing and want to stay in the area.

The Theodore, in trendy Kens­ing­ton, will in­clude a rooftop pa­tio with a firepit and a seat­ing area that can serve as a gath­er­ing place for res­i­dents.

The Theodore will fea­ture wrap­around, floor-to-ceil­ing win­dows on the build­ing’s sig­na­ture cor­ner.

Con­dos in The Theodore will fea­ture an open-con­cept floor plan with lam­i­nate floors.

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