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$200 Million project launches stage two
Following the success and sell out of Stage One, Fernie investor and developer Parastone Developments announced Feb. 2 the launch of stage two of its $200 million master-planned community, Montane, Fernie.
“We’re thrilled to be releasing Stage Two,” says Simon Howse, general manager of Parastone and investor in Montane, Fernie. “The positive feedback we received from Stage One is an indication buyers appreciate the active mountain lifestyle we’re offering. Living five minutes walk from downtown and having an extensive trail network literally on your doorstep is hard to beat.”
Catering to an active community, outdoor enthusiasts will be able to enjoy an extensive multi-use trail system that is within 100 metres of every home. Developed in partnership with the Fernie Trail Alliance, trails will stretch into the backyard wilderness of Castle Mountain and the Morrisey Range. Parks and greenways will be dispersed throughout individual neighbourhoods.
Stage One, comprised of 20 homes sites and released for sale in October 2014, was well received and sold out within three months, with interest from Fernie locals and second home buyers from Alberta and Europe.
“We’re anticipating equally strong sales with our Stage Two release so if you’re interested in becoming part of an active mountain community, we recommend acting quickly,” Howse said.
Located on Piedmont Drive, Stage Two home sites are part of The Terraces neighbourhood. Situated on the moderately elevated benches south of the Creek Valley Commons, The Terraces neighbourhood incudes a collection of single-family-homes and cottages.
Stage One and Two are being developed on a 200-acre parcel of land. Initially, Montane, Fernie will be comprised of up to 140 single-family homes and will include cottages, townhomes and estate properties. At full build out, the value of all homes will be more than $200 million. Montane, Fernie is flanked by Brewery Creek and Coal Creek, and is Fernie’s largest property development to date.
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