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Posted Jun 7, 2014, 5:53 PM
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BANNED
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Join Date: Apr 2008
Location: Lower Mount Royal, Calgary
Posts: 5,147
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Hope Smith breaks ground soon.
Bridgeland firing away like all inner city neighbourhoods. Factor in other recently completed 100+unit projects and that's quite the growth spur.
Apparently Bridgeland Crossings tower 2 just launched too.
Quote:
Bridgeland in midst of stunning renaissance
BY CLAIRE YOUNG, CALGARY HERALD MAY 29, 2014
With each sales launch of a new development and each ceremonial turn of the sod to break ground, to the handover of keys to welcome new homeowners, the face of Bridgeland and the ridge overlooking it in Renfrew is evolving.
A core of city-led, transit-oriented redevelopment is going full-bore in the Bridges area of Bridgeland — the site of the demolished General Hospital — including Assured Development’s Steps Bridgeland, which celebrated turning the sod this week, and Bridgeland Crossings, which launches sales on its second tower this weekend.
Nearby, owners in the Bridgeland Mosaic townhomes by Brookfield Residential just started moving in this week, and sales launched on LiFTT, a new, four-storey building that will overlook Bridgeland. Then there are a multitude of other projects underway — Providence Group is selling its einstein2 homes, along with Vericon Real Estate Ventures’ 43 Park and LiFTT projects.
Tim Taylor of SQFT Real Estate speaks for three developments, noting that buyers see these two communities as vibrant, happening places to live with plenty of notable amenities — just as Marda Loop and Kensington were not so long ago.
“People who are buying here know that, and are trendsetters,” says Taylor.
Steps Bridgeland, designed by Calgary’s renowned architect Jeremy Sturgess, has sold 70 of 122 units in the four-storey mix of apartment-style and townhome condominiums. With financing firmly in place, construction promises to be well underway this summer, Taylor says. Bridgeland Crossings, by Apex Cityhomes, is getting ready to launch its second tower, Bridgeland Crossings II, says Ben Smith, vice-president of sales and marketing for Rennie Marketing Systems.
“The big difference between Tower I and Tower II is we noticed that people were wanting bigger suites. There’s a lot of small stuff downtown, and people wanted bigger homes,” Smith says. “Now we have 90 units — over 60 per cent (of the second tower) — that are two bedrooms. We have eight three-bedrooms in this one, and only 37 are one bedrooms.”
There are slightly more than 150 homes in the first tower, situated next to the CTrain station, with about 10 units still available. Tower II will contain about 145 homes, and the L-shaped building will sit to the north of the first phase. The Bridgeland Crossings sales centre, located on the main street through Bridgeland, is closing its doors June 1 to finish renovations for selling the new tower. The display suite is also undergoing a change to reflect the offerings at the new tower. Many components will be carried over from the first tower, including full-sized appliances and Nest thermostats.
“The biggest thing in this next building is that it’s a little more park-like,” Smith says.
“The courtyard itself is more than an acre, so it’s your own backyard in an urban setting. This site is a little closer to McDougall and Murdoch parks.”
When sales begin on Tower II, the one bedrooms will start from $314,900; two bedrooms start in the low $400,000s and three bedrooms start at $579,000.
Two-bedroom suites are 800-plus square feet.
“We used to call Bridgeland an upcoming neighbourhood. I don’t think it’s upcoming anymore; it’s arrived,” Smith says about the area’s attraction.
A few blocks west of Bridgeland Crossings, Brookfield Residential, known more for large new communities such as Auburn Bay and Cranston in the city’s southeast, tested out inner-city redevelopment in Bridgeland with two projects — Axio on 12th with a set of duplexes, and the 18-unit townhome development of Mosaic Bridgeland.
This weekend, residents of Mosaic Bridgeland are due to start taking possession of their new homes.
“Mosaic Bridgeland was our first inner-city development that we did as a multi-family division,” says Kelly Halliday, sales and marketing manager for Brookfield Residential.
“We did want to go in with a small-scale development that offers a boutique-style community for our homeowners.”
Brookfield will continue to develop multi-family homes in other inner-city communities, and recently launched duplexes in West Hillhurst.
“It was really the community,” Halliday says. “It’s such a dynamic and eclectic community, the access to downtown and to all that region of downtown has to offer.”
“That is what our homeowners and all of the traffic that came into our sales centre who didn’t buy, that is what attracted them to the Bridgeland location.”
“It’s the Bridgeland shops, it’s the cafes, it’s all the local attractions such as the zoo and the Telus Spark science centre, and being close to downtown and that lifestyle.”
Meanwhile, up the hill overlooking Bridgeland, the sales centre for 43 Park, a four-storey apartment-style building facing a park with mature trees, has recently transformed into the sales centre for another Vericon Real Estate Ventures development named LiFTT.
Thirty-four of 43 Park’s homes are sold, and residents will be moving in by late fall, Taylor says.
LiFFT, a similar design of 39 homes in a four-storey building, launched last weekend.
“It’s great architecturally, really interesting,” Taylor says. “It’s been designed with recessed balconies on the north side because of the elements there, and south and west, you’ve got the balconies off the building so you can take advantage of the sun.”
The second development in the same market allows the developer to fine tune the building, just as Bridgeland Crossings was able to do with its second tower. In LiFTT’s case, though, it was in the interior configuration of the units that was altered to match demand.
“We have two-bedroom, two-bathroom units starting under 700 square feet,” says Taylor, who, along with Steps Bridgeland, also represents 43 Park and LiFFT.
“So rather than being a 690-square-foot one-bedroom, it’s going to be a 690-square-foot, two bed and two bath. Prices are starting in the low $300,000s.”
Studio units without underground parking start at $239,900, while one bedrooms start at $299,900.
LiFFT is touted for a variety of aspects, including its location.
“It’s a corner site, with great views, so really lifting off and soaring with the views to downtown,” says Taylor, also noting Renfrew’s aviation history as being the site of the airport for many years.
The acronym stands for ‘Live for tomorrow today.’
WHAT YOU NEED TO KNOW
Multi-family developments selling in the Bridgeland/Renfrew area include the following:•
Bridgeland Crossings — Bridgelandcrossings.com
Steps Bridgeland – stepsbridgeland.com
43 Park – 43park.ca
LiFTT – liveliftt.com
Einstein2 – einsteincalgary.com
[email protected]
Twitter.com/CalHeraldHomes
Facebook.com/CalHeraldHomes
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http://www.calgaryherald.com/touch/story.html?id=9889799
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