The final stage of Montane, Fernie’s ‘The Terraces’ phase of a $200 million development project was launched last week.
A quick sellout of the first stage and high demand for the second phase inspired Fernie investor and developer Parastone Developments to launch of stage three of master-planned community, Montane, Fernie.
“The release of stage three is a big milestone for us, as it means we’re on our way to completing the final stage of The Terraces, our first neighbourhood,” said Simon Howse, general manager of Parastone and investor in Montane, Fernie. “The high demand we’ve seen for stage one and two is an indication of the gap we’re filling in the market. Outdoor enthusiasts can now live an active mountain lifestyle in a community located within a five minute walk from downtown Fernie.”
Located on the east end of Piedmont and Sunniva Drives, stage three home sites are situated on the moderately elevated benches south of the Creek Valley Commons and will include a collection of single family homes and cottages.
“Montane is Fernie’s fastest selling mountain community,” says Howse. “We’re anticipating strong sales with our Final Stage release so I encourage interested parties that are hoping to join our active mountain community to act quickly.”
Residents in the development will have direct access to Fernie’s downtown via pedestrian walking trails and an extensive bike path network located within 100 metres of every home. Developed in partnership with the Fernie Trail Alliance, mountain biking trails stretch into the backyard wilderness of Castle Mountain and the Morrisey Range. Parks and greenways will be scattered throughout the neighbourhood. It is anticipated that more than 70 per cent of the land will remain green space accessible to Montane, Fernie residents and the public.
Montane, Fernie is located one kilometre from Fernie’s historic downtown.
The Terraces neighbourhood consists of a total of 45 homes and will complete the first phase of the multi-stage 600-acre community.
At full build out, the value of all homes will be more than $200 million.