Luxury Development THERIVER Continues To Smash Records With Phase Two Launch

High-demand in Calgary confirmed with nearly $20 million in sales in the past two weeks

CALGARY, May 15, 2013 /CNW/ - THERIVER, Calgary's luxury condominium development, has reached nearly $20 million in sales related to its Phase Two sales program which officially starts today.  Phase Two presents 8 single-level Riverhomes situated in a 4-storey low-rise structure, and 4 multi-level Riverhomes located in the base of an adjacent 15-storey tower.  THERIVER development is located at 135 - 26th Avenue S.W.

The Phase Two Riverhome launch marks the next chapter for THERIVER which has surpassed historic Calgary condominium sales records.  This includes the May 2012 sale of its $8.99 million, 5626 sq. ft. tower penthouse.  Developed by 26th Avenue River Holdings Inc. (an affiliate of Ledcor Properties), Chief Operating Officer, Chris Bourassa, credits the project's success to a number of factors, including its category-defining  'luxury estate condominium' positioning.

"There's an unserved need in Calgary for luxury condominiums offering large, single-floor living spaces, quality construction and superior finishes," says Chris Bourassa.  "Sales in the tower confirmed the need, and this past week's Phase Two Riverhome sales have only reinforced it."  Bourassa adds low-density and waterfront location are also key factors.  "We are honouring the site with the boutique development it deserves.  Our mission is to deliver a luxury living experience never before available in Calgary, and a building that is destined to become an architectural icon."

The Phase One tower is now 80% sold with only a few larger suites remaining.  Phase Two penthouse units sold out during a VIP Preview which began May 6th.  The first was a 3706 sq. ft. suite for $4.89 million ($1319/sq. ft.).  The second was a 4764 sq. ft. suite for $5.99 million ($1257/sq. ft.).  In addition to spacious indoor living areas, both penthouses feature expansive rooftop terraces offering views of the Elbow River.  The remaining Phase Two floor plans range from 1297 to 2986 sq. ft.  Prices range from $820,000 to $3.59 million.

Construction is currently underway.  Occupancy is slated for Spring 2015.  Ranging from $820,000 to $8.99 million, THERIVER offers only 38 luxury estate condominium residences, now with limited availability.

Previews are by appointment only.  Please contact Anne Clarke at anne@therivercalgary.com, or by telephone at 403.263.5133

ABOUT THERIVER:

THERIVER is redefining luxury living on one of the last remaining waterfront properties in Calgary.  Presenting a category-defining concept of luxury estate condominiums, THERIVER offers only 38 units of estate living with the convenience of a lock-and-go lifestyle.  Amenities include full-time concierge/security, private gym, private yoga/massage area, gourmet chef's kitchen, executive boardroom, car wash/pet grooming facilities and spacious outdoor living spaces.  Construction is slated to be complete in Spring 2015.

http://therivercalgary.com

SOURCE: THERIVER

For further information:

Anne Clarke, Director of Sales
anne@therivercalgary.com
403.263.5133

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THERIVER

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