Keynote announces its opening act



    CALGARY, March 14 /CNW/ - Come Hear the Music... Come Taste What's
Happening at Keynote.
    Keynote Development Corporation today announced the official launch of
the Keynote Development, and their alliance with Sunterra Markets, who will
serve as the project's anchor retail tenant. This alliance coincides with the
recent start of construction and a release of additional residential
inventory.
    Sunterra Market will set the tone in Calgary's newest mixed-use,
high-rise development located between 11th and 12th Avenues and 1st Street and
Macleod Trail SE. The two storey, 32,000 sq. ft. market will feature an
expanded mix of Sunterra's popular grocery 'market' offerings that focus on
freshness and convenience, a fully licensed restaurant, a wine shop, and a
coffee shop. Sunterra Market will also have access to the 2nd storey roof top
green space, which will make for a unique dining experience. The Market will
also serve as a platform for Sunterra to expand its increasingly popular
catering offerings, serving both residential and business clients.
    "This project marks a new era for the Sunterra family of markets." States
Glen Price of Sunterra Quality Food Markets Inc. "With this development we are
not only increasing our footprint to keep up with Calgary's growing demand for
our concept, but we are stepping up the variety of offering with an exciting
new store format."
    Keynote will consist of three towers - a 14-storey office tower and two
residential towers, of 26 and 34 storeys - all connected by an internal
Plus-15 and roof garden system. At the street level, a unique interior lane
will provide pick-up and drop-off access for residential, office and retail
users.
    Keynote Development Corporation's President, Randy Provost stated, "We
are very pleased the project is now well underway, and we are proud to welcome
Sunterra as the anchor retail tenant." He added that, "Sunterra is widely
recognized as Calgary's preeminent boutique grocer, and their commitment to
this project reinforces Keynote's position as the premier mixed-use
development, not just in the Beltline, but in the entire downtown."
    The first 26-storey residential tower containing 179 suites is already
60% sold. Concurrent with the above announcements, Keynote will be releasing
additional suites on a reservation basis in the first tower. Suites in the
second residential tower are not expected to be released until 2008.
    As the largest mixed-use building project currently underway in Calgary,
Keynote will add highly desirable office, retail and residential space in the
sought after Beltline area adjoining the downtown core.
    Designed by Gibbs Gage Architects, Keynote features sheer window walls on
the towers, a brick base/podium and angled rooflines that will establish the
project as a defining city landmark. Residents and the public can look forward
to a community feel within the complex, aided by the access lane positioned in
between the buildings.
    PCL Construction Management Inc. will be responsible for constructing
Keynote. PCL is the largest general contracting organization in Canada, and
one of the largest in the United States with an annual construction volume of
approximately 4 billion dollars. CB Richard Ellis is the designated leasing
agent for the office tower, while Colliers International is responsible for
leasing all retail space.
    Keynote's dynamic design and abundance of conveniences - including
Sunterra, a second restaurant, additional retail, guest suites, a fitness
facility, 24-hour security and underground parking - will add to the
rejuvenating Beltline district.
    To support Keynote's Urban Village concept, the need for green space has
not been ignored. The complex, including 230,000 sq. ft of office space,
40,000 sq. ft. of retail space and 429 residential units will also feature an
18,000 sq. ft. garden on the Plus-15 level. Additional green spaces will also
be provided near the top of each tower.
    Keynote's alliance with Sunterra Market is an exciting first step to
revitalizing this inner city location, and creates an environment perfect for
working, living and playing. With the downtown core just one block away, and
the vibrant and expanding Stampede Park within three blocks, Keynote is
strategically located to become the very heart of Calgary's historic Victoria
Crossing area. The adjacent Cantos Music Museum is but one of many key art and
entertainment venues within walking distance of Keynote.
    The office tower, including Sunterra Market, are expected to be completed
in early 2009, the first residential tower in late 2009 and the second
residential tower by mid 2010.
    Stay tuned. Keynote has lots more to offer.

    An event to mark this announcement will be held today, Wednesday,
    March 14th at the Keynote Sales Centre, located at 1119 - 1st Street SE
    from 11am to 1pm. Attendees at the Press Event will include Civic and
    Community dignitaries along with representatives from Keynote
    Development Corporation and Sunterra Markets. Photo and interview
    opportunities will be available.

    
      Issued by Keynote Development Corporation & Sunterra Quality Food
                  Markets Inc. through Selling Systems Inc.
    

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/




For further information:

For further information: on the Press Event or release please contact
Tiffany Ardolino, Selling Systems, at (403) 509-0310 ext. 230, or if you would
like more information on the Keynote development please contact the Keynote
sales centre at (403) 265-5284, 1119 - 1st Street SE, or visit
www.keynotecalgary.com; For information on Sunterra's alliance with Keynote,
please contact Glen Price - President, Sunterra Markets, or Kristen Halpen -
Marketing Manager, both can be reached at (403) 266-2820

Organization Profile

KEYNOTE DEVELOPMENT CORPORATION

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