Origin at SFU. Porte Development's newest Condo Project about to launch
Origin by Porte Development at UniverCity is weeks away from opening their new showhome which will feature condos starting in the $200's with amazing views to the south, and just a short walk to the SFU campus. Origin is the first project in SFU Community Trust’s third phase of development, and will soon be followed by the much anticipated Nest project by Mosiac Homes.
From the outset, UniverCity was envisioned as a different kind of master-planned community: a community founded on Four Cornerstones of Sustainability - Environment, Equity, Economy and Education. UniverCity and the City of Burnaby have implemented a new set of zoning bylaws that include requirements for sustainable features and practices in all new developments. This is the first bylaw in North America that mandates specific green building practices as part of the development process. The outcome of these requirements will be buildings that are a minimum of 30% more efficient than traditional buildings.
As quoted from the UniverCity’s press release dated March 12, 2010:
“Sustainability and good design go hand in hand,” says David Porte, president of Porte Development. “Origin will incorporate many sustainable initiatives including energy efficient heating, water conservation and intelligent building materials selection. At the same time, homes at Origin will be affordable and well priced within the Burnaby market.”
Second, the development. Origin is designed by GBL Architect & BYU Interior Designs, developed by Porte Development Corp. and marketed by Red Dot Real Estate, Origin is sure to live up to its expectations. Situated on one of the plateaus in the SFU community the views from Origin should not disappoint. Located across from the soon-to-be-opened Highland Elementary School and beside recently launched Nesters Market, convenience is something Origin will not lack.
After speaking with Howard Steiss of Red Dot Real Estate, it is clear Origin’s appeal will be broad. Units will start in the low $200,000. There will be a combination of floor plans ranging from 1, 2 & 3 bedrooms units to top floor 2 level loft style homes that will offer spectacular views. Features such as energy efficient appliances, hardwood floors and quality cabinets and finishings are aspects that will surely attract the most discerning of consumers.
As all new developments do, Origin will attract its fair share of investors. However, given the latest community developments – Nesters Market, University Highland Elementary – SFU’s amenities are attracting an evolving demographic of young families that desire a true community environment to raise their children.
With only 75 units this will be a smaller development for the UniverCity area and given the appeal the community has to offer these units will not last. Sales are expected to start sometime this summer and completion is anticipated to be in the 1st quarter of 2012.
I hope to be meeting with David Porte of Porte Development Corp to learn more about his organization very soon and will share all I learn.
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