Quote:
Originally Posted by CaptainYooh
Yes, Qualico bought 50% interest in the whole thing and will front the development costs. I don't really understand the logic behind this community proposal. Those who want the rural lifestyle would not be buying a typical 2,500 sq.ft. 2-storey home in Springbank, they'd go for an acreage home. Those who want a small-town feel home would be buying a home in Cochrane, which is right next to Harmony and it's got a variety of housing to offer with all of the infrastructure (except for a hospital). The only buyer group left consists of those who cannot afford an 2,500 sq.ft. two-storey in Rocky Ridge or Tuscany but want it anyway, so that they can say "we live in Springbank"... I'd say this is a risky value proposition.
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I assume this is going to be an upscale development like the rest of Springbank. Probably similar to Heritage Pointe but on a larger scale.