2013 was a banner year for Calgary’s real estate market. By year’s end, the Bank of Montreal had deemed it the strongest major housing market in the country while RBC labeled it as one of the most affordable.
And now that 2013 is officially in the books, we can look back at our books and share with you the 10 most-viewed residential developments to hit the market over the last 12 months.
Kintalla at Redstone How big of a year was it for StreetSide Development? Besides being named Calgary’s Multi-Family Builder of the Year at the local SAM (Sales and Marketing) Awards, the developer saw its Red Haus and Evanston Square projects sell out while it launched a new one: Kintalla at Redstone. And wouldn’t you know it, the new townhome community is already more than 50 per cent sold out.
Savoy The luxury condos and townhomes that make up Truman Homes‘ Savoy have impressed buyers with their high-end finishings and aggressive pricing from the low $300,000s. The dynamic project also gets points for contributing to the vibrancy of Calgary’s West Hillhurt neighbourhood by promising to bring in 4,210 square feet of new retail space.
Avenue Adding to Calgary’s West End skyline for the first time in nearly a decade is Grosvenor and Cressey‘s Avenue project. The two contemporary towers were designed by renowned architect James Cheng and will be located on one of the few remaining pieces of land in the West End.
Ven Award-winning multi-family builder Bucci Developments opened Ven in Kensington in mid 2013, and by December the 115-unit project was already 60 per cent sold. Ven is just the second project in all of Alberta to offer residents Bazinga!, the community-building app for condo dwellers.
SoBow In early 2013, construction began on M2I‘s 1912Cross building next to the Bow River in Calgary’s Inglewood community. The 120-unit building is part of the SoBow master-planned community, which when fully completed, will include up to 700 homes in a variety of buildings ranging from four to 12 storeys.
Verve Since FRAM+SLOKKER launched Verve in the final quarter of 2013, the 25-storey condo project has proven as popular as its East Village neighbourhood. The smartly-designed homes are highlighted by their over-sized balconies, which will be perfect for taking in the amazing views of the Bow River, nearby parks and downtown skyline.
Evolution After a very successful summer sales program, Evolution by Embassy Development saw 40 new homes released in the fall. Starting from the $420,000s, these new two-bedroom units include previously unreleased floorplans. 2013 also saw construction pick up on the anticipated project, as there were three cranes working on site by the end of the year.
The Guardian At 44-storeys, Hon Towers‘ The Guardian will be Calgary’s tallest residential tower when its completed in the latter half of 2014. While the sales program officially began in 2012, 2013 saw the release of new homes in the upper portion of the tower, including all the units on the 33rd floor.
The Park Condos Lake Placid Group‘s The Park was trending high on BuzzBuzzHome all year. By early fall, the 19-storey, 156-home project had hit the 75 per cent sold mark, and we fully expect 2014 to see the sales program come to a close when the project sells out completely.
Mark on 10th Qualex-Landmark‘s Mark on 10th was one of the fastest selling residential projects in Calgary in 2013. Sales began in early February and by the end of May 154 homes in the 274-unit project had been snatched up. Buyers have been drawn to the striking tower for a number of reasons, but we have to say we’re especially impressed with Mark on 10th’s stunning rooftop amenity lounge.
That wraps up our 2013 year in review! Now we’ll look ahead into the new year with one project that Calgary development watchers will want to keep a close eye on…
Eau Claire Market This ambitious redevelopment project from Harvard Developments calls for five towers, 1,000 residential units, 800,000 square feet of office space, and 550,000 square feet for retail. Construction is planned to begin in fall 2014, with completion anticipated over the next seven to 10 years. Many more details on the massive mixed-use project will be revealed in the months ahead, so stay tuned to BuzzBuzzHome News for more.