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From D.C. to AB. in condo style

Last updated 6 years ago

By Marty Hope, For the Calgary Herald | October 28, 2011

Michael Ward is the new Calgary vice-president of Grosvenor Americas, the company that is building the Drake condominium tower in the Beltline.

Michael Ward is a 30-year-old, single professional who lives on the fringes of downtown.

He recently purchased a two-bedroom, 807-square-foot apartment in Drake, a trendy highrise apartment condo tower by Grosvenor Americas near equally trendy 17th Avenue S.W.

“I think I’m pretty typical of the demographic buying here,” he says from the Drake sales and presentation centre at 850 16th Ave. S.W.

One difference, though, is that Ward is vice-president of Grosvenor America’s Calgary operations, having recently transferred from a similar post in Washington, D.C.

In his new role, he will be responsible for Grosvenor Americas’ real estate development program here.

“Grosvenor is a big believer in Calgary and we are already looking at other possible sites to develop,” he says. “We choose where we want to build and Calgary is a high priority for the company.”

The company also tends to focus on developing property in or near a city’s downtown, he says. “Good core real estate will always be good core real estate.”

Ward arrives in Calgary just as ground has been broken for Drake, a 17-storey, 135-suite highrise of glass and steel at 15th Avenue and Seventh Street S.W.

Sales to date have reached 60 per cent, with some floor plans totally sold out. Construction is expected to be completed in 2013.

“We build with the intent to attract people to the city core — to make walkable communities,” says Ward.

Prices for suites start at $199,900.

RANGE OF BUYERS

Offering a blend of studio to two-bedroom suites, penthouse, and two-bedroom townhouses, the 135-suite Drake project has proven popular with first-time buyers, or those downsizing as their lifestyles change.

To date, more than 60 per cent of the residences have been sold, with some floor plans sold out.

The starting price is $199,900. Visit www.drake17.com

mhope@calgaryherald.com

© Copyright (c) The Calgary Herald

Photograph by: Courtesy, Gavin Young, Calgary Herald


 

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