After breaking ground for its Sierra Michener Hill complex in November 2009, the end of the project is finally in sight for Medican.
Bill Cooper, the company’s vice-president of sales, said construction on the third and final phase of the Sierra Michener Hill condominium will be underway by September.
“We should have folks move in by the spring of next year,” he said, pointing out that the underground parkade for the building is already in place.
“There are no more excavation machines coming on the site, no more concrete machines coming on.”
The first two phases of the condominium created 52 and 40 suites respectively, with the next to add 56 more. Cooper said Medican has about five suites left to sell in the second phase, and started selling units in the third earlier this year.
“We’ve got about a dozen or so that are pre-sold in the final phase,” he said.
A link connecting the Sierra Michener Hill condominium to the nearby Extendicare Canada assisted living facility was completed prior to winter, said Cooper, allowing condominium residents to travel easily between the buildings and even eat at the bistro in the Extendicare building.
Meanwhile, only 11 of the 38 duplex villas also being developed by Medican nearby remain unsold. Sixteen are already occupied, and Cooper expects the last villas to be completed and landscaped by August.
Both developments are restricted to buyers 40 and older.
The Sierra Michener Hill project stalled in May 2010, after Medicine Hat-based Medican was placed under court protection pursuant to the Companies’ Creditors Arrangement Act. A plan of arrangement with creditors was ultimately approved, and ownership of the company reverted to a group of Medican employees.
hrichards@www.reddeeradvocate.com