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Stories Tagged - N3

Sue and Jason Bissonnette.
Courtesy Sue Bissonnette
News

Sept. 27, 2017 | Andrea Cox

No parking, no problem

For Sue and Jason Bissonnette, East Village condo investment was too good to pass up

Forty-somethings Sue and Jason Bissonnette love to travel and experience new things. They own vacation properties around the world, including a three-season recreation trailer at B.C.'s Moyie Lake and two timeshare properties in the Caribbean. When they're not travelling, they spend most of their time hanging out in Airdrie, where they own a two-storey, 2,000-square-foot home that they share with their two kids – a 19-year-old daughter and a 22-year-old son. Always on the lookout for new investment opportunities, the couple couldn't resist exploring the options when they were introduced to Knightsbridge Homes' N3 condominium project. They were attracted to its East Village location – steps away from the downtown core and the LRT – and the car-free lifestyle. A Car2Go membership, furniture package from Ikea and a Biria urban bicycle sweetened the deal. In the end, the Bissonnettes purchased a 498-square-foot, two-bedroom, one-bathroom condo on the 14th floor.
Peter Oliver, president of the newly established Beltline Neighbourhoods Association, said the area's walkability has fostered a stronger sense of community. Photo by Michelle Hofer/for CREB®Now
News

Sept. 07, 2016 | Alex Frazer Harrison

Pushing the parking optional concept

Builders believe buyers will eventually see benefits of sans auto

Condo buyers in Calgary's Beltline will soon see vehicle ownership as a peripheral requirement, but it will still take some time for the current mindset to change, says a developer who brought the notion of "parking optional" to Calgary.

The Beltline – which stretches from 14th Street S.W. to the Elbow River and the rail tracks south to 17th Avenue, plus the Stampede Grounds – is one of Calgary's hottest and most densified communities. And many new condo buildings, first planned several years ago, are just now starting to spring up despite the downturn.

Although the N3 development in East Village received plenty of press recently for not including parking, it was Toronto-based Lamb Development Corp.'s 6th and Tenth project in the Beltline that first brought the concept to Calgary, said president and CEO Brad Lamb.

Canada Mortgage and Housing Corp. regional economist Lai Sing Louie said many Calgary homeowners still want the freedom to come and go with a car at their disposal, and they’re willing to pay for it. Photo by Wil Andruschak/For CREB®Now
News

June 30, 2016 | Joel Schlesinger

Long live the auto

The car-less lifestyle is trending, but Calgary's housing market still driven by the automobile, say experts

Cars aren't going anywhere soon, and neither is Calgary homebuyers' desire for neighbourhoods – or condominiums for that matter – that support their automobile-driven lifestyles, say housing experts.

While much is being made about efforts to create a more pedestrian-friendly city that focuses on "vertical growth," Calgarians still very much enjoy the freedom that comes with driving an automobile. And they
want their residence — whether it's a condo, townhome or single-detached house — to support their yen for putting the pedal to the metal, said Canada Mortgage and Housing Corp. (CMHC) regional economist Lai Sing Louie.

"Most people still want parking," he said. "They want the freedom to come and go with a car at their disposal, and they're willing to pay a lot of money to afford that."

Knightsbridge Homes partner Joe Starkman 
said only 20 of N3’s 168 units are still available. Photo by Adrian Shellard/For CREB®Now
News

May 27, 2016 | Kathleen Renne

Window of opportunity

Condo developers using downturn as opportunity to build

The downturn in Calgary's economy is creating a much-needed opportunity for developers to reset and plan for the long-term, say experts, who also believe the apartment-style condominium sector stands to benefit the most.

Susan Veres, senior vice-president of strategy and business development for Calgary Municipal Land Corp. (CMLC), admits sales "have slowed" in the popular East Village community on the banks of the Bow River, but also said the timing of the current downturn is "almost fortuitous" for the up-and-coming area.

"It's serendipitous that we're actually focusing on construction this year," she said, whose company, CMLC, is wholly owned subsidiary of the City of Calgary that is currently revitalizing East Village.

City of Calgary director of transportation infrastructure Michael Thompson says several major projects this year will be designed to give Calgarians more mobility choices. Photo by Adrian Shellard/for CREB®Now
News

Jan. 12, 2016 | Cailynn Klingbeil

Local facelift

Several major projects in Calgary expected to capture headlines in 2016

Calgary is expected to look a lot different by the end of this year thanks to the opening of several highly anticipated developments that promise to reshape the local landscape, say officials.

"It was a good year in 2015, and the projects continue to come in for 2016," said Kevin Griffiths, director of inspections and permit service at the City of Calgary.

The National Music Centre, a new international terminal at the Calgary International Airport and the new central library are just a handful of the projects that could see their doors open in 2016.

While acknowledging downtown office construction projects have slowed, Griffiths said the pace for other commercial projects have increased. He singled out the Residence Inn by Marriott and SilverBirch Conference Centre, planned for the former site of the Alberta Boot Company on 10th Avenue S.W.

Car2Go community marketing manager Amanda Lam says the company's number of registered users has increased from 36,000 in 2012 to 88,000 in 2015. Photo by Wil Andruschak/for CREB®Now
News

Jan. 04, 2016 | Kathleen Renne

Beyond auto

Alternative forms of transportation dominates headlines in 2015

Joe Starkman was contemplating buying a car for his daughter while she attended university in Halifax. To his surprise, she wasn't interested.

"That twigged us," said Starkman, president of Knightsbridge Homes, the builder behind N3 in East Village, Calgary's first carless condo. "We started to do some research, and our research showed there's a market in that Generation Y demographic for which car ownership is not a priority.

"We're not trying to change the world, we're just responding to a world that's changing."

Jennifer Lee, 21, has primarily used transit to get around Calgary since moving to the city two years ago. She says she has no plans to own a car, insteading using Car2go when necessary. Photo by Wil Adruschak/For CREB®Now
News

Aug. 11, 2015 | Joel Schlesinger

Car-less and carefree in Calgary

In a city renowned for its freeways and sprawling suburbs, more residents are choosing to live closer to its centre — and even forgoing hopping behind the wheel altogether

Who needs to own a car? Not Jennifer Lee.

The 21-year-old moved to Calgary two years ago to study and work in the city's burgeoning IT sector. And like a growing number of millennials, she doesn't own a car and has no plans to own one soon.

While that may not sound altogether revolutionary, Lee represents a wave of change in a city renowned for its multi-lane freeways, suburban sprawl and increasingly congested roadways.

News

May 20, 2015 | CREBNow

Carless condo a go

Calgary city council votes unanimously for East Village development

In a rare move, all 13 members of Calgary's city council agreed to approve a once-controversial "carless" condo development in the East Village.

Located directly east of the old St. Louis Hotel, N3 is set to include 167 units that developer Knightsbridge Homes says are priced $70,000 less than comparable developments because of the lack of a parkade.

N3 buyers will get a furnished unit, as well as a free bicycle and $500 Car2Go credit.

"Everybody thought we were nuts," Knightsbridge president Joe Starkman said about the carless development. "There is a market out there for young people; the car just isn't a priority."
News

May 06, 2015 | CREBNow

All about accessibility

Calgary's inner city has everything at arm's reach

Having recently returned to Calgary after living in London, England, Jon Dola has just commenced his search for a new home.

And despite having been back in the city for less than a month, he's already made up his mind as to where his new home will be located.

"I'm looking in Kensington, Sunnyside and Bridgeland," said Dola, who lived in Calgary for nearly eight years prior to setting off to Jolly Old England.
News

Aug. 20, 2014 | CREBNow

Parking perception

Driving only one option for Calgarians looking to access the downtown core

For Calgarian Eric Westrum, cycling to work downtown is a no-brainer.

While he now lives in close proximity to work, Westrum used to live in the northwest, meaning a 30-minute two-wheeled commute.

"I like my bike because I can get to where I need to go quickly and effortlessly, especially downtown, and not have to worry about parking," he said.

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