Calgary’s no-parking condo proposal gets rolling

Do you want a parking spot with that? Prospective buyers of a trendsetting Calgary condo had better not, with the developer of the project seeking city hall approval to leave out parking slips for the 15-storey building.
 
N3 Condos is set to sit next to St. Louis Hotel on 4th Street S.E., but may face some unfavourable responses because East Village regulations require the building to have 101 parking stalls. A total of 84 should be reserved for residents and 17 for visitors.
 
“I wouldn’t be going this far if I didn’t think it would get approved,” project developer Joe Starkman said. “We won’t be bringing more cars downtown, so that’s a point in our favour.”
 
The point of the no-parking proposal is to encourage residents to “walk to nearby amenities, use the LRT a block away, ride the urban bicycles that will come standard with the small units, and use the car-sharing service Car2Go and a $500 voucher that comes with each new suite.”
 
“It’s attracting young, single people. Eventually, those people are going to grow out of it and are going to want a family,” said Coun. Sean Chu of the Calgary Parking Authority board.
 
While the council has previously approved an 88-unit building in Manchester with no on-site parking, it can be argued that it’s an affordable housing project.
 
So far, a Toronto-based developer sold out all 315 condos of that city’s first no-parking tower.
 
N3 will have one- and two-bedroom units ranging between 460 square feet and 620 square feet. Prices start at $199,000. 

More Mortgage Guide