2014 could well be branded the year of the “luxury condo” in Calgary with Vancouver’s Concord Pacific’s announcement of their 218-unit Eau Claire project, The Concord, which includes a 6,200 square foot penthouse with a price tag of 13 million dollars. The project design team included Arthur Erickson, arguably Canada’s most celebrated architect.
It is interesting to note that this announcement comes just one year after Calgary’s great flood of 2013. The banks of the Elbow and Bow River continued to attract major upscale condo developments in 2014. Joining The Concord along the Bow River is Avenue in the West End by the Vancouver development team of Grosvenor/Cressey’s and their architect James Chen. Vancouver’s Anthem Properties also announced the final phase of Calgary’s largest condo development -the 1,000-unit Waterfront on the old bus barn lands on the east side of Eau Claire.
Yes, Vancouver developers and architects continue to transform the south shore of the Bow River into a tony, upscale highrise urban community. The only thing missing in 2014 was the announcement that Harvard Properties was moving forward with their billion-dollar Eau Claire Market site redevelopment designed by
Vancouver’s IBI/Landplan group (that was announced late in 2013).
Calgary’s Park Avenue
One would have thought it might take a few years to see any new condo developments in the Mission area given the devastation of the flood. The uber-chic River condo with its record condo setting $8 million dollar penthouse made some quick changes to it is flood prevention design while construction continued.
But, the big new announcement in 2014 was the 14-storey XII boutique condo (on the corner of 2nd St and 26th Ave SW). It will have only 12 units i.e. 10 floors will be a single condo with four floors consisting of two 2-floor units. Designed by the Calgary’s own Sturgess Architecture, this project is a quantum leap in luxury with its car parking elevator that will allow residents get out of their car in the parkade at street level, so the car can be parked robotically in the parkade. How amazing is that! The architectural design is also futuristic with its transformer-like shape. Residents will also get private consultation with the architects and interior designer (Douglas Cridland) and make a trip to Vancouver (yes, Vancouver) to meet with balthaup kitchen team there.
Luxury condo development along 26th Avenue in Mission started in the late '70s.
Kensington is exploding
This past year has been a big one for Kensington village as new residents moved into Battisella’s Pixel and StreetSide Development Corporation’s St. John’s condo, both Calgary developers. Vancouver’s Bucci Development started construction of Ven just east of the Hillhurst/Sunnyside LRT station and announced the Kensington, on 10th Street NW. As well, Battistella also announced plans for Lido (as sister condo to Pixel), also on on 10th Street.
After years no condo development, Calgary’s only NoBow urban community is finally participating in Calgary’s emerging condo culture. There are currently over 1,000 condos at various stages of development in Kensington Village.
Bridgeland is bustling
After stalling for a few years because of the recession, condo construction resumed in earnest in Bridgeland this past year. The completion of the St. Patricks’ Island pedestrian bridge in the Fall of 2014 and the redevelopment of the island itself, scheduled to be completed in 2015, is making Bridgeland a very attractive place for, Calgary rapidly increasing yuppie community.
Thus it’s not surprising that Apex and GableCraft Homes have decided to proceed with Bridgeland Crossing II and Assured Developments with Giustini Development Corp are proceeding with STEPS, both are within easy walking distance to the LRT and the new St. Patrick’s Island.
Condo building continued to be strong in the Beltline with the topping off of The Park (Lake Placid Group) and Mark on 10th (Qualex-Landmark) as well as the first tower of The Guardian (Calgary’s tallest condo at 44-storey by Hon Development). However, new condo development wasn’t restricted to the greater downtown communities like the Beltline in 2014.
In fact, citywide condo development in 2014 outpaced single-family housing starts by two-to-one with 8,915 multi-family housing starts vs. only 4,363 single-family as of the end of November. Not only were almost 90% of new condo units are being not built in the greater downtown; this trend is expected to continue.
The City approved several new “suburban/urban” villages in 2014. In September, City Council approved West Campus, a planned community east and south of the Alberta Children’s Hospital. After several years of community consultation, it approved the West Campus Development Trust’s a master plan for the 184-acre site that will eventually accommodate 15,000 new residents (mostly in condos) and 10,000 workers when completed by about 2025.
In December, Truman Development presented its master plan for its 96-acre West District community to the City. When fully built out, in 10+ years it will be home to 7,000 residents and 5,200 workers. Both West Campus and West District are planned as complete communities that will allow residents (families, yuppies, empty nesters and seniors) to not only live, work, play and age in their community.
Recently, Brookfield Residential, one of North America’s largest homebuilders and headquartered in Calgary, branded its proposed new Livingston community at the northern edge of the City as “not your parents’ suburb.” While still only in the conceptual stage, it promises to create a new town centre at the northern edge of the city, equivalent to their SETON urban village on the southeastern edge.
As of the end of November, metro Calgary multi-family starts was only 378 units shy of the City record of 10,602 units in 1978. Indeed, Calgary’s developers are building condos at a record pace in the greater downtown communities, established neighbourhoods and in the new suburbs.
But what is really exciting is that they are not just building condos, they are building communities that have a density and diversity of uses that hasn’t been seen for over a century. Calgary's new communities are not your parent's or even your grandparent's suburbs but your great-grandparents suburbs.
By Richard White, December 26, 2014