The SP story has been updated:
New Broadway condo unveiled
Two dozen condo units will be developed, with three million-dollar penthouse units
Murray Lyons, TheStarPhoenix.com
Published: Thursday, May 15, 2008
Image from Canada.com photo template
Meridian Developments Inc. has unveiled the design plans for its mixed-use commercial-residential project at Broadway Ave. and Ninth Street.
The concept - LUXE, as it has been dubbed - is firmly aimed at the higher end of the condominium market in Saskatoon. In total, some 24 condo units will be developed, with three penthouse units likely priced at more than $1.3 million with 2,400 square feet of living space. The units that are expected to sell at a starting level of $450,000 will have 1,200 square feet of living space.
Three units, dubbed "city homes" will have huge hidden terraces, just above the main floor commercial space.
Meridian Developments Inc. has unveiled its design plans for its mixed-use commercial-residential project at Broadway Ave. and Ninth Street; the concept - LUXE, as it has been dubbed - appears to be firmly aimed at the higher end of the condominium market in Saskatoon.
Meridian partners Karl Miller and Colleen Wilson both expressed confidence that price point will not deter potential buyers looking for a unique, urban feel for their condo lifestyles. They said condos located in an active retail and entertainment district should appeal to those looking for a Manhattan kind of experience in Saskatoon.
"It's a niche in the market that is not being filled," she said. "We hope that people who have been looking for something a little bit different - hip, contemporary and very luxurious - will enjoy these varied floor plans and spacious sizes."
The street level of the mixed-use building will house a new Broadway branch of the Affinity Credit Union which will offer more services and be twice as large as the existing branch in the same block of Broadway. That space will likely be sold for redevelopment, says Ian Bank, facilities manager for Affinity.
The building sits on the site of what used to be a retail building that once housed one of the early art-deco style Safeway stores. A year ago, Meridian was working on plans for a building at least four storeys higher and backed off because construction costs are much higher for structural work the higher a building goes.
However, Miller says if they had known that house prices would rise so rapidly the company might have stuck to the original scale.
SP
That last line has to be a killer for the height enthusiasts.
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