Mattamy Homes is pleased to announce that it has acquired a position in the desirable Aurora neighbourhood that will enable the company to bring its unique, thoughtfully designed townhomes to market in southeast Edmonton.
The acquisition is a six-acre infill project consisting of two serviced multi-family sites (that will eventually be combined into one). Mattamy purchased the property from Melcor Developments for $5.6 million, with the deal having closed on Dec. 14, 2018.
“We’re excited about creating something special for homeowners in southeast Edmonton,” says Don Barrineau, Mattamy’s Alberta Division President. “These townhomes will showcase Mattamy’s signature design style and will add a real architectural flair to the Aurora neighbourhood.”
Mattamy will be building 126 units on the site, expected to be three-story, rear-lane townhomes similar to the company’s highly successful Park Series in the Allentown community. The still-to-be-named Mattamy community in Aurora is expected to open for sale in September 2019 with construction of move-in-ready homes commencing in June 2019.
The Aurora neighbourhood is a coveted location for its park spaces (the Mattamy site will have park space on three of four sides) and proximity to schools (brand-new Shauna May Seneca K-9 school), major transportation routes (two minutes south from Anthony Henday Drive) and a wide variety of commercial and recreational amenities (Heritage Pointe complex within walking distance).
“All of us at Mattamy are looking forward to the opportunities this project can create for the company to venture into more infill opportunities,” says Barrineau. “Overall we think it’s a great example of the enthusiasm we have for the Edmonton real estate market and how committed we are to a long and prosperous future here.”