The first phase of the Mackenzie Village development in Arrow Heights is expected to go up for sale towards the end of February, says the developer.
“We’re looking to finalize pricing in the middle or end of February and then launch at that time,” said David Evans.
David and Shelley Evans, along with RE/MAX Revelstoke, held an open house to showcase the new development at the Mackenzie Village info centre on Thursday. The invite was directed towards media, bankers, mortgage lenders, property managers, and city council and staff.
The Evans are proposing to build up to 1,200 units on a 35-acre property off Nichol Road in Arrow Heights. They have divided the development into 12 components and hope to build it out over 12 years, depending on demand.
The design of phase one and the floor plans for the various units was made public on the development’s website. It will consist of 48 units ranging in size from 565-square-foot one-bedroom apartments to 2,276-square-foot, four-bedroom townhomes. Two and three bedroom units of varying sizes will also be offered.
Construction is expected to start this spring.
Image: The design for phase one of the Mackenzie Village development. ~ By Selkirk Planning & Design
The Evans have marketed the development in local media and in Whistler. David Evans said 260 people have registered interest so far. “The demand is strong,” he said.
He also confirmed talk about the price, saying units would be priced at about $350 per square foot. That means the initial units would range in price from just under $200,000 to almost $800,000 — though the exact pricing hasn’t been set.
“We’re looking at the smaller units and we thought we could get them in for cheaper, but unfortunately it’s the cost of doing things,” said Evans.
He said they were aiming for a high build quality with the units, with triple-glaze windows and high-insulation values.
“The cost of maintenance, the cost of living will be far less than moving into a single-pain, zero insulation home, and your comfort is going to be a lot better as well,” he said.