January 26, 2018 10:24 am Posted In: Client Coverage
Builder Greatwise Developments has finally hit the jackpot with its struggling infill property near Baseline and Greenbank roads.
After several years and several incarnations, the latest vision for the property was unveiled in October and is selling so fast that Greatwise has had to move up the planned spring release of its remaining lots. The final 50 or so lots in the 90-lot development of freehold townhomes are available as of Jan. 27.
“We have a lot of people on the waiting list,” says Derek Nzeribe of Milborne Group, the real estate firm representing Fresh Towns.
The project has seen a few versions and a few names, most notably Qualicum Woods Crossing, a collection of five low-rise condo buildings launched in 2012. But while there was enough interest to sell the first two buildings, Greatwise was a victim of the condo slump that hit Ottawa shortly after the project launched, causing sales to stall.
Fortunately, the Toronto-based builder had designed the project so that it could easily switch gears. The two buildings that did sell were the ones closest to Baseline, which meant the remaining chunk was contained and could be flexible for redesign. That redesign has resulted in a series of 90 townhomes in an enclave that makes for a gentler transition to the mature neighbourhood of one- and two-storey homes around it.