University City held it’s open house on October 27, 2010 and when I looked at their website they are indicating that both Phase 1 and Phase 2 are now sold – 216 units in each of the two 18 Story buildings for a total of 432 units sold in a matter of days. What is the project all about you ask?
University City is a condominium project by Knightsbridge in the Brentwood Village Shopping Centre in Northwest Calgary. It is located close to the university and minutes to the C Train station.
Phase 1 and Phase 2 are designed to give housing affordability and they are marketing towards the young professional. The largest unit is less than 800 square feet and they are designed to be an effective use of space.
Phase 3 of the project is designed to be senior’s housing
Phase 4 of the project has not been decided on upon at this stage.
Phase 5 is designed to be Empty –Nester Housing geared towards current residents of the Brentwood Community who may be tired of the work required to keep up a single family home but want to stay in the area.
When at the open house I spoke to a few local residents who are concerned about the traffic problems a project like this might cause. It is my understanding that the development permit will not be applied for until after Phase 1 is 50% sold so hopefully Brentwood residents will have their opportunity to express their concerns. If you have any questions or comments about this project, about Northwest Condos or about the Calgary Real Estate market in general feel free to contact me at Gord Piper.
Gord Piper
Century 21, The Professionals