Live in Calgary in the new community called Yorkville. Yes, that's correct. Yorkville. If you think it has a distinctly Eastern Canadian flavour you would be correct. Yorkville is also the name of a luxury Toronto suburb where many of our country's finest musical and literary stars have their origins.
The Calgary brand of Yorkville promises to be much different. Situated next to Spruce Meadows, homes in Yorkville will have western views of the Foothills and beyond, the Rockies, the same views enjoyed by residents of nearby Silverado and across the highway, Heritage Pointe.
Plans for Yorkville Development
The land will lie dormant over the winter but as soon as the spring thaw hits, Mattamy Homes as the developer of Yorkville will bring out the scrapers and get set to build this 190-hectare community just south and west of the community of Silverado. To the north is 194 Ave SW and to the east, Sheriff King Street. The community will reach south to 210 Ave SW and on the west will be the future extension of Spruce Meadows Way SW. The developer is working with the City of Calgary to plan major roadways running parallel with Macleod Trail to connect 194 and 210 Avenues.
In advance of next spring, sanitary sewer construction has already begun on the southern boundary of the future community.
In an interview with CREB Now, the official newsletter of the Calgary Real Estate Board, a Mattamy spokesman said the only connection between the eastern Yorkville and Calgary's Yorkville will be the urban village nature of the former. Toronto's iteration is a walkable neighbourhood with public spaces, parks with an intimate blend of homes and commercial elements.
What Yorkville Will Look Like
The developer is planning to build 4,000 housing units with a variety of home styles. There will be a 50/50 split of detached homes and multi-family developments with prices ranging from $500,000 to $700,000 for single-family homes and condos/townhomes/duplexes expected to be in the $200,000 to low $400,000 area. School sites are included in the preliminary plans along with two storm water ponds and pathways.
Mattamy's spokesman told CREB Now that this master-planned neighbourhood will be different from the company's other offerings in Southern Alberta, with fresh new designs and original floor plans that have been developed as a result of extensive research and customer feedback.
Phases for Yorkville's Development
While the snow flies and the heavy equipment sleeps in anticipation of a busy spring, the official engineering plans and construction renderings are in the approval stage at Calgary City Hall and should be rubber stamped by the end of 2016.
There are two phases planned for Yorkville. Phase One will take place with Ronmor Developments Inc., a local developer working in partnership with Mattamy to construct the retail component of Yorkville which will incorporate some residential areas. This phase will encompass about 300 lots with possession dates early in 2018. The other 65 hectares of Yorkville will be constructed at the discretion of Mattamy at a yet-to-be determined date.
At final build-out, Yorkville will have a capacity for a population of 12,000 people but that's expected to take place over the next ten years. The size and scope of the neighbourhood will be very similar to the Cityscape community currently under construction in the extreme north east. This is the first neighbourhood in Calgary that Mattamy has been involved, after developing several neighbourhoods in Airdrie and Chestermere. In the north-west quadrant of Calgary, Mattamy continues to work on Carrington where crews are currently grading and the dig for the storm water pond is already underway. Yorkville will be Mattamy's third offering within Calgary city limits. The developer and home builder has been active in Southern Alberta since 2009.