Vibrant East Village transformation continues
CALGARY, AB, November 17, 2015 – Just two months after its public sale, N3 Condo broke ground in Calgary’s East Village multifamily development space today. Beside the historic St. Louis Hotel, at 8th Avenue & 4th Street SE, Knightsbridge Homes, Metropia and Calgary Municipal Land Corporation (CMLC), master developer of the East Village redevelopment program, celebrated this East Village transformation.
Named N3 to reflect the project vision – ‘New Attitude, New Lifestyle, New Vision’ – the car-free development includes bicycle-parking only. Each N3 buyer receives a Biria bike and a $500 credit to Car2Go and Enterprise Rent-A-Car with their new home purchase.
Knightsbridge and Metropia will design a pedestrian mews system on either side of the St. Louis Hotel, slated for future retail and commercial use, allowing easy connections to the neighbourhood’s many amenities.
Biria bikes, cowboy hard hats and engraved shovels marked the November 17, 2015 N3 Condo Calgary Ground Breaking, two months after this East Village project went on sale. On site next to the iconic St. Louis Hotel (l-r) Michael Brown, President & CEO of Calgary Municipal Land Corp.; Andy Brethour, President, PMA Brethour Real Estate; Joe Starkman, President, Knightsbridge Homes;  Vincent St. Pierre, representing the Hon Kent Hehr, MP Calgary Centre and Minister of Veterans Affairs; Druh Farrell, Calgary Ward 7 Councillor; Kevin Smith, representing the Hon. Joe Ceci, MLA Calgary-Fort and Minister of Finance and Provincial Treasurer; Mike Bakgaard, VP Multi-Family Construction, Knightsbridge Homes; Lisa Mundell, VP Sales, PMA Brethour Real Estate; Lirad Kligman, Development Coordinator, Metropia. Photo: Rob McMorris
“We are not trying to change the world, we are just responding to a world that is changing,” said Joe Starkman, President of Knightsbridge Homes.
Designed for Generation Y, the project will add 167 condominium homes to East Village. With prices starting at $199,900 and averaging around $270,000, the price points and the unique IKEA-furnished development concept are tailored to attract younger buyers.
N3 Condo’s success is based on its price point and location – steps from the City Hall LRT Station, the site is easily accessible to urban explorers in the downtown core and students attending Bow Valley College or the University of Calgary’s downtown campus classes.
“Our master plan vision for East Village was informed by over 10 years of public engagement,” said Michael Brown, President & CEO of CMLC. “This community is emerging as a new urban village within Calgary’s downtown core and will eventually be home to over 11,500 residents living in 3900 residential units. Our entire urban plan is designed to free the public, as much as possible, from their vehicles via a dedicated pedestrian street-system, wider sidewalks and pedestrian bridges.”
The N3 project recognizes that Gen Y real estate buyers do not value car-ownership in the same way as previous generations. Since the site is considered a Transit Oriented Development (TOD) project given its proximity to the LRT– transit service is free within the downtown core.
“We understood from the beginning, that for East Village to become an inclusive community, that we needed to have our multi-family partners, deliver a variety of product, which would appeal to not only the first time home owner but also to the empty-nester who aspires to live in a full master planned community,” added Brown.
Metropia and Knightsbridge Homes are no strangers to designing and marketing residential condominiums for Gen Y buyers. University City – a mixed-use project of 705 condo units in Calgary’s northwest community of Brentwood – has four residential towers and only a few units remain.
Visit the N3 http://n3condo.ca/ or call 587-600-039.
A product of Howard Sokolowski’s vision to create one of Canada’s leading real estate development companies, Metropia focuses on urban renewal and design innovation. Metropia’s communities offer a wide range of housing options with an emphasis on affordability and an abiding responsibility to the environment. Metropia is involved in acquiring land, securing approvals, designing communities & homes and is known for delivering exceptional customer satisfaction.
Building on the company’s strategic partnerships, Metropia gives back to the neighbourhoods it develops in by contributing socially, economically and physically to the benefits of the overall community. The Metropia team brings together industry-leading experience in acquisitions, urban planning, land development, marketing and construction.
Over the past 35 years, Howard has led the development of over 35,000 homes and has set a new standard for customer satisfaction in the industry.
Knightsbridge began as a small Calgary housing company in 1990, initially focused on infill housing in inner city communities and larger country residential homes. In 1995, Knightsbridge became a single family showhome builder in the then new golf course community of Heritage Pointe. This led to the company’s first multi-family project, The Ravine Villas of Heritage Pointe. In 1997 Knightsbridge became involved in the upscale west end community of Elbow Valley as a showhome builder in both multi-family (Hidden Hollow Villas and Riverside Villas) and some 100 single-family homes. From there, Knightsbridge went on to design and construct the 3-phased Villa d’Esté condos in the Calgary community of Tuscany in 2006. Then, in partnership with Metropia, the team developed Calgary’s first Transit Oriented Development (TOD) project – University City.
David Eisenstadt / Samantha Martin
deisenstadt@tcgpr.com / smartin@tcgpr.com (C) (416) 561-5751
(O) (416) 696-9900 ext. 36 / 24