Orange Lofts by Battistella (2003)
About the new development (Source: Calgary Herald)
- Approximately 600 residential units over five years with pre-sales beginning in early 2012 and initial residential occupancies planned for late 2013
- Tentatively, the developer is looking at three towers of 30, 18 and 14 storeys.
- EV comprises about 15 square city blocks and is expected to be home to 11,000 residents when the entire project is completed in about 15 years.
Although this development was just announced and designs for the East Village have been in the works for years, it’s nice to finally see renewed interest with an actionable plan into developing what could be a great community in the years to come.
Bosa Development Corp. certainly isn’t new to the Calgary condominium scene. They’ve already completed the:
- Liberté
804 3rd Avenue SW, Calgary.
141 Suites, Concrete,
Completed 1999 - Axxis
650 10th Street SW, Calgary.
156 Suites, Concrete,
Completed 2000 - The Barclay
1088 6th Avenue SW, Calgary.
105 Suites, Concrete,
Completed 2004 - The McLeod
1078 6th Avenue SW, Calgary.
124 Suites, Concrete,
Completed 2004 - The Marquis
1108 6th Avenue SW, Calgary.
217 Suites, Conrete,
Completed 2001
More About East Village
EV sits on the east edge of downtown Calgary. Its 120 acres are located east and west between 3rd Street SE (back of city hall, Bow Valley College and the YWCA) and the Fort Calgary lands all the way up to the Elbow River. The southern border of East Village is 9th Avenenue with the northern edge being the Bow River. There are approximately 2,050 residents living there currently.
According to the CMLC, four historic buildings dating from around the turn of the century are to be retained and refurbished to accommodate new uses. More recent buildings would also generally be retained, and accompanied by adjacent new development.
Source: CMLC (click to enlarge)
1 LRT
2a Seniors’ apartments – parcels ideally intensified;
2b Seniors’ apartments, shop & club – in active use;
2c St Louis Hotel – to be refurbished
2d Hillier/ King Eddy – to be refurbished
2e Salvation Army – in active use
2f 6th Street residential apartments – in active use
2g Drop-In Centre – in active use
2h Simmons Building – refurbished (offices), future pub
3 Downtown Edge
4 RiverWalk
4th Street Underpass Project
East Village (EV) is a primely located riverfront community in the downtown core, but there’s a catch: there aren’t many choices to get into and out of the area. This will soon change with the 4th Street Underpass project scheduled to be completed in 2012. It will link EV with Victoria Park and Stampede Park and will improve the walkability of nearby Calgary neighbourhoods such as Inglewood, Downtown, and Beltline.
The CMLC states that he underpass design will form the basis for a future transit node supporting greater integration between public transit, pedestrians and cycling. It will also accommodate a future public light-rail transit alignment and high-speed rail facilities.
Read the entire media release for the Underpass project here
To watch video of the Underpass project click here
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A video from last year when the East Village master plan was unveiled:
Just what Calgary needs, more condos. We can’t sell the condo inventory that is currently listed and prices are dropping very fast all across the board.
I’d love to see East Village finished. But in these financial times it’s financial suicide.
The big question is, where are the homeless, drug dealers, drug users, prostitutes and other bad people going to move to that live and work there. NIMBY? Ya right. haha.
BTW — Anyone notice how fast the prices on the MLS are now dropping in the past 2 weeks? I think it’s faster going down right now than they were going up in 2006/7!
Anyone buying now, is just asking to lose money. “A fool and his money are soon parted” is the right expression of today.
On the topic of condos and new construction, the following is from today’s issue of CREN:
UPDATE: Calgary Herald, August 26, 2011
The underground services and much of the infrastructure work, a $108-million, three-year-plus project, is getting closer to completion and now more of the redevelopment of East Village is just an approval or two away from shifting to actual above-ground retail-residential construction.
A key to making the long-awaited rebirth of the area into reality was getting a first developer to commit — and to be able to envision East Village in the larger context of Calgary itself, says Susan Veres, vice-president of marketing and communication for Calgary Municipal Land Corp. (CMLC), which is overseeing the massive project east of city hall and to the fringes of Fort Calgary between the Bow River and Ninth Avenue S.E.
That commitment happened last October, when Vancouver-based Embassy Bosa Inc. announced plans for a three-tower development that will include 600 condominiums in its 700,000-square-foot project.
In February of this year, Fram Building Group and Slokker Real Estate Group (Fram+Slokker) of Toronto stepped to the table with plans for a 600,000-square-foot, $300,000-million project that would include 650 condos.
“There always has been a lot of interest in East Village,” Veres says. “When Bosa announced, that was critical to our future plans. “The bones of the village are great, but we had to get a major developer on board.”
That has happened, and now the whole development is moving ahead with residential presales starting in a few months.
“Now, with two development partners almost ready to go, and with the announcement of our Experience Centre, interest from the public is even higher.
Read the entire article here
An artist’s rendering of a portion of the three-tower residential-retail development proposed by Embassy Bosa Inc. for East Village.
Pingback: Condo Developments in Pre-Construction | Calgary Real Estate Review
New head chosen for East Village redevelopment
He has been one of the key people in charge of building the 59-storey Bow tower in the heart of downtown Calgary.
Now Michael Brown will lead the redevelopment of the East Village.
It was announced Monday that Brown has been selected as the new president and chief executive of the Calgary Municipal Land Corporation.
Brown will assume responsibilities at CMLC, the organization leading the redevelopment of East Village, on Sept 21.
Read more: http://www.calgaryherald.com/head+chosen+East+Village+redevelopment/5322811/story.html#ixzz1WRdly3ua
Condo: Evolution
Address: East Village
Size: 3-tower project, approx 600 units
Developer: Embassy Bossa
Embassy Bosa was the first developer to do a land deal in Calgary’s rejuvenated East Village project, scooping up a choice property on and near RiverWalk. Their project, some 700,000 square feet of mixed-use development, will create a whopping 600 residential units in East Village. Evolution will be the ‘umbrella name’ for the three-tower project. Three other names will be selected for the individual towers. (Source)
Sales commencing early 2012.
Calgary’s East Village project signals a shift away from urban sprawl
National Post, May 11, 2012
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Hilton Hotel joins rush to the East Village
Calgary Sun, May 8, 2012
Once a haven of homelessness and criminal activity, the East Village has been tapped as the home for a new $75-million dual-branded Hilton hotel.
The Calgary Municipal Land Corporation (CMLC) announced Tuesday it has inked a deal with Widewaters Group, an American commercial real estate development firm, to build a Hilton Garden Inn and Homewood Inn and Suites under one roof in area, now dubbed the Rivers District.
The 14-storey, 315-room project will be built at the corner of 7 Ave. and 4 St. S.E., the commercial section of the redevelopment area that’s being groomed as one of city’s trendiest areas.
The project is the first commercial development announced for East Village
Read entire article here