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UniverCity, a well thought out community development atop of Burnaby Mountain founded on “Four Cornerstones of Sustainability, Environment, Economy and Education, has set the stage for growth over the next 10 years. 

Exciting developments lie ahead for UniverCity and current and future residents.  Before entering a meeting last week with Jonathan Tinney, Director of Community Development for Simon Fraser Community Trust, I was already an advocate of UniverCity.  What’s not to love?  Beautiful, lush surroundings; incredible views; contemporary building designs; a true community feel, the sense that you are away from everything but only 20 minutes to Downtown Vancouver!  UniverCity is a worthy consideration for anyone looking to live in Burnaby.

However, during my meeting with Mr. Tinney, my appreciation for the potential this Community has to offer grew deeper than before.  Think of the potential.  Currently there are 3000+ residents.  This will grow to roughly 3200 in the next few years.  Plans are already in motion to grow this further to roughly 10,000 residents over the next 10+ years.  Take into consideration that SFU has roughly 25,000 students currently enrolled and the “CITY” in UniverCity really does have meaning.  New building bylaws are some of the most stringent in all of North America, yet attainable from a developer’s stand point. With eventual plans for implementing renewable energy sources and striving to become carbon neutral, UniverCity stands to become one of the most environmentally friendly communities around.

The benefits to residents and frankly potential small business owners are many.  The cost of real estate in the area is rather affordable.  Based on MLS data of sales for this year only, the average cost per square foot is approximately $419.  Given the oldest residential buildings are about 5 years old, this is a very attractive number.  Compared to similar criteria for all of Burnaby North, the average cost per square foot sits about $456.  Take into consideration that if you are a transit user the savings for a monthly pass are almost $130 per month and all new buildings are so energy efficient that your monthly utilities cost should be lower, the total cost of ownership in the UniverCity area starts to make more and more sense.

From a small business owners perspective, what more could one ask for?  The biggest concern with any business is how to draw customers in the door.  With 3000+ residents already living in the area and plans to grow this further, there should be plenty of foot traffic to generate sales.  With the introduction of Nesters and the new elementary school, residents have more reason to stay on the mountain.  This increases consumer demand for amenities on top of the hill.  Although there is limited commercial space available now, Mr. Tinney has explained there are plans to grow the commercial spaces in the coming years. 

The future looks very bright for UniverCity.

Highlights of my meeting with Jonathan Tinney, Director, Community Development for Simon Fraser Community Trust

Currently 3000 residents to grow to 10,000 in potentially 10+ years

- Two new residential buildings currently in pre-sales stage

- 12 storey concrete tower anticipated to be announced in 2011

- Transit monthly pass has not increased in price and sits at roughly $30 per month for a 3 zone

- Co-Op car share program currently has 2 cars with plans to grow that to 10 as demand increases

- On-going discussions with various stake holders regarding potential renewable energy solutions

- Transit Gondola idea moving to feasibility study stage

Comments

Dave on Nov 5, 2010 10:36 AM
Looks like the SFU area is turning into a pretty amazing community!

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Simon Fraser
Market Update

Simon Fraser Condos

Altaire by Polygon

Altaire built in 2008/2009 reaches higher then any other condo building in Metro Vancouver offering panoramic views.

Novo I by Intergulf

Novo I built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Novo II by Intergulf

Novo II built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Aurora by Polygon

Aurora built in 2006 with 103 condos featuring 36 unique floor plans ranging from 715 sq ft to 1500 sq ft.

One University by Millennium

One University built in 2005 is UniverCity's flagship building with luxury homes featuring semi private elevators.

Harmony by Polygon

Harmony built in 2005 was the first condo development at Univercity & as a result offers a unique setting & views.

Serenity Townhomes by Polygon

Serenity is a collection of 2 bedroom townhomes of 1100 sq ft ranging to 4 bedroom 2000+ sq ft townhomes.

The Hub by Liberty Homes

The Hub built in 2009 is set atop Nester's Grocery and steps from High Street giving these homes an urban feel.

Verdant by VanCity Enterprises

Verdant is a two storey town home building built with environmental design and stylish living spaces which complement the modern exterior of these SFU homes.

Origin by Porte Development

Origin is designed by GBL Architect & BYU Interior Designs, developed by Porte Development Corp. and marketed by Red Dot Real Estate.

Nest by Mosaic

Located on UniverCity High Street across from the new University Highlands elementary schools this refreshing building will add further depth to a growing community.

Highland House by Liberty Homes

A 12-storey concrete high-rise development and targeted towards Rental Investors and First-Time Condo Buyers.

Lift by Porte Development

Lift will be a wood frame building comprising of 56 homes. Building technologies, environmental features, and price points should be similar to Origin.

Altitude by Hungerford Group

Altitude will be a 2 tower development comprising of a 12 and 14 story building with a total of 210 strata units.

CentreBlock by Liberty Homes

CentreBlock at UniverCity atop Burnaby Mountain is the latest condo project with sales commencing early 2014. .

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