UniverCity celebrates with party

Sep 18, 2003, vol. 28, no. 2
By Diane Luckow

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SFU staff and faculty are invited to UniverCity's first block party on Sept. 19, from 4 p.m. - 7 p.m. at the intersection of University Crescent and University High Street at the eastern end of the campus.

“It's an opportunity for the university community to meet representatives of our first three developments and view models, drawings and two sales centres,” says Michael Geller, president of the SFU Community Trust which is overseeing the UniverCity development. “We'll also be serving refreshments.”

The first of UniverCity's residential developments went on sale Aug. 9 with 80 per cent of the first building selling in just four days. The Novo development, from Intergulf Development Corp., incorporates 167 units in two buildings, including 20 flex units that can be converted to include secondary rental suites and six townhomes. Since Aug. 9, Intergulf has confirmed sales of 100 units.

“Some of the buyers have been university graduate students and people buying for their children who are attending university,” says Geller. “A number of the suites have been purchased by individuals who intend to rent them out to students, so we're pleased that there will be quite a broad mix of residents.”

Flex units, he says, have been very popular and are a unique aspect of the development's zoning approval.

Intergulf's first building sold so quickly that the firm decreased its marketing campaign for the north building, which is already almost 75 per cent sold. The units, ranging from studios to two bedrooms and a den, range in price from just over $100,000 to $400,000.

The next development in the Highlands neighbourhood, One University Crescent by Millenium University Homes Ltd., is currently coming onto the market. It features two condominium buildings.

UniverCity will extend its block party to welcome the general public during the weekend of September 20 and 21, from noon to 5 p.m.

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