Redevelopment of Calgary's East Village (EV) neighbourhood by the Calgary Municipal Land Corporation (CMLC) recently marked another significant milestone.
The city-owned CMLC opened a $2.4 million experience centre in late March. The 8,000-square-foot centre will showcase planned developments in East Village, including those ready for construction in the former slum area that's located just east of the heart of downtown.
The EV experience centre is described as a hybrid. It combines a visitor information centre that highlights the East Village story and the neighbourhood's evolution with a sales centre showcasing the residential units and stylings of the neighbourhood's "pioneering developers."
"The partners chose to adopt a destination-style approach to promoting East Village," said CMLC chairman Lyle Edwards.
Interested buyers are able to choose from among a variety of developments planned along RiverWalk, the Bow River and Fort Calgary.
Prices in one of the first highrises expected to be finished, a 191-unit building from Fram+Slokker, range from about $193,000 to $640,000.
from Western Investor May 2012
