It was a figure that, at the time, seemed ridiculously high: who would pay $650,000 for a condominium downtown? For that matter, who would pay $679,900 — an amount that was spent later last year for another of the condos? But they’re not just any condominiums. The six — all sold — top-floor units in Mosaic, at the corner of Battle Street and Fifth Avenue, are massive, with 10-foot-high ceilings, incredible windows and views and staircases up to the roof, where each has its own landscaped, sheltered, gas-fireplace-heated patios, where owners can relax and gaze across the streetscape of downtown Kamloops. Mosaic, which is being built by A&T Project Developments Ltd., has its official grand opening tomorrow from 10 a.m. to 2 p.m.
Jeff Arnold, president of A&T, said his goal was to create “the best product out there,” a complex that brings Vancouver’s Yaletown feel to the heart of the city. That “heart” was once home to several old rooming houses, which were later demolished and the space turned into a parking lot. Arnold and his business partner, Frank Quinn, bought the land in 2007 and brought in architectural firm Howard Bingham Hill — which also designed Parallel One, ski-in- and-out mountain homes at Sun Peaks Resort being built by A&T, with a projected completion date of 2010 — to design the four-storey, plum brick, cedar-wood detailed building. All but seven of the 30 units are sold; the remaining ones, which range in price from $489,000 to about $600,000, are all at street level, featuring their own gates and steps to the front doors. The units include features ranging from European stone countertops, drawers that simply can’t be slammed shut but close smoothly, deep sinks with single-lever chrome faucets, garburetors, stainless-steel kitchen appliances, gas ranges, spa bathrooms, heated secured underground parking, on-demand hot-water systems and heated kitchen tiled floors.
One of the most appealing features doesn’t come courtesy of the builders, but rather the City of Kamloops. The site is located in the city’s designated revitalization area, which means homeowners will pay no property taxes for five years, and then see taxes phased in during the subsequent five years.
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