Record-breaking property moves forward and begins demolition at building site
CALGARY, Aug. 9, 2012 /CNW/ - THE RIVER, Calgary's record-breaking luxury residential development, has started demolition at its 26th Avenue SW building site in the Mission neighbourhood. The start of demolition signals the beginning of a very exciting phase in the creation of Calgary's next architectural icon.
Developed by 26th Avenue River Investments Inc., an affiliate of Ledcor Properties Inc., THE RIVER's elegant riverfront properties offer owners a piece of premier waterfront real estate, in a city that is thirsty for high-end, luxury urban living. It will be the first of its kind in Calgary.
The demand for benchmark real estate in Calgary has allowed THE RIVER to provide buyers with a lifestyle that does not compromise quality, size or convenience, while continuing to position the city as a national real estate leader. The start of demolition marks a giant step for a project that is elevating the standard for luxury condo living in Calgary.
"THE RIVER moving forward confirms that there is a demand for high-quality real estate in Calgary and across Canada," said Chief Operating Officer, Chris Bourassa, 26th Avenue River Investments Inc. "There has been a lot of anticipation as to when this project would commence and we are excited to share that demolition has begun and we are ready to build what has become one of the city's most sought-after properties."
THE RIVER has sold over sixty percent of the units in its first phase, which has also broken sales records for the city, including the $8.99 million sale of the penthouse which was finalized in May 2012. The development will offer 38 residences including 11 Riverhomes and 27 suites in a 15-storey tower. Construction is expected to be complete by Spring 2015.
Previews are by appointment only. Please contact Anne Clarke at [email protected], or by telephone at 403.263.5133.
ABOUT THE RIVER:
THE RIVER is redefining luxury living on one of the last remaining waterfront properties in Calgary. Presenting a category defining concept of luxury estate condominiums, THE RIVER offers only 38 units of estate living with the convenience of a lock-and-go lifestyle. Amenities include full-time concierge/security, private gym, yoga studio, massage room, gourmet chef's kitchen, executive boardroom, guest suite, car wash/pet grooming facilities and spacious outdoor living spaces. Construction is slated to be complete in Spring 2015. http://therivercalgary.com/.
Image with caption: "THE RIVER defines the new concept of luxury estate condominiums in Calgary. (CNW Group/THE RIVER)". Image available at: http://photos.newswire.ca/images/download/20120809_C5970_PHOTO_EN_16759.jpg
SOURCE: THE RIVER
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