Construction industry bright spot during slowdown as PARK POINT on schedule
Calgary, AB – Qualex-Landmark™ announced today that PARK POINT, a 110 million dollar condo project overlooking Central Memorial Park, has hit grade and has commenced construction above ground.
“Hitting grade is always a celebrated milestone in construction, our team is excited to see this iconic building emerge from the ground and see the vision of PARK POINT become a reality,” says Keith Playle, operations manager, Axiom Builders. “Now that we are at grade, construction activity is heightening as we integrate more construction trades and consultant coordination in preparation to fly up the tower. Over the next three to six months we anticipate workers on site will increase to over 100 from the current 25 to 30. These include plumbers, electricians, dry wallers and glass installers.”
According to CHBA’s latest forecast, housing starts are likely to recover in 2017 with an estimated increase of 2.5 per cent in multi-family starts and 9.2 per cent in single-family starts. Qualex-Landmark™ has lived through two of Calgary’s major economic swings in their 12-year history developing residential and mixed-use condo towers in the Beltline. “Sales activity at PARK POINT has been steady since our launch in February 2015, indicating that the pre-sale condo buyer is still active in the market,” says Parham Mahboubi, Vice President of Planning and Marketing for Qualex-Landmark™. The 34-storey PARK POINT condo tower stands out as a tangible symbol of Qualex-Landmark™’s confidence in the future of Calgary.
“We are thrilled PARK POINT construction has reached street level and is visible to the Beltline community,” says Mohammed Esfahani, president of Qualex-Landmark™. “Construction will continue in high gear to deliver to our buyers their dream home so they can start to enjoy all the amenities the building and location have to offer.”
PARK POINT’s entire underground parkade is now complete and the podium is currently under construction with the tower soon to follow on its journey toward the sky. Construction of PARK POINT is anticipated to be complete by mid-2018.
“As I spend more time at the site, I am reminded of how enjoyable this location is with its abundance of great shops and restaurants. It’s an incredible project to build,” says Playle. “PARK POINT’s striking building architecture and its open concept floorplans combined with innovative amenities. Our team is fully aware that this project will forever alter Calgary’s skyline.”
Since PARK POINT’s sales launch, over 50% of the homes have been sold. Professionals (single and couples), move-up buyers, downsizers, retirees, investors, and families are all looking to live and invest in the thriving Beltline community. “Our homebuyers know that real estate properties in central locations, like the Beltline, are less volatile and command greater future resale potential,” says Mahboubi.
PARK POINT features 289 one, two, and three bedroom homes with an expansive list of sophisticated indoor and outdoor amenities. Located atop the tower podium on the third floor, PARK POINT will host nearly 9,000 sq. ft. of outstanding building amenities. The outdoor amenity space includes a Zen Terrace with seating and water feature, social air lounge seating with fire-pit, bbq area with large harvest table, and a sundeck overlooking Central Memorial Park.
Indoor amenities include a fully equipped fitness facility with state-of-the-art exercise equipment, park facing yoga / Pilates Studio, steam room, sauna and his/hers change rooms with showers and a private owners social lounge club with kitchen and fireplace for entertaining.
Responsible for the construction of more high-rise residential communities in Calgary’s Beltline Community than any other developer, Qualex-Landmark™ projects account for $400 million in real estate value with over 1,000 homes in the Beltline in the last ten years. Previous projects by Qualex-Landmark™ in Calgary include STELLA, NOVA, LUNA, CALLA and MARK on 10th. Its recipe for success includes its ability to innovate and its dedication to customer satisfaction.
Photo caption: PARK POINT is located in the heart of Calgary’s Beltline and overlooks Central Memorial Park
Photo credit: Qualex-Landmark
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For Media Kit (backgrounders, fact sheet, and photos) click –here–
For more information on PARK POINT see website – here –
To download high resolution photos click – here –
Media Contacts
Scott Henderson
dHz Media
403.921.2001
scott.henderson@dhzmedia.com
Eirin Bernie
dHz Media
403.763.7797
eirin.bernie@dhzmedia.com
Qualex-Landmark™ www.qualex.ca
The Qualex-Landmark™ Group have an extensive track record of both residential and commercial real estate success in the highly competitive Vancouver and Calgary markets. Qualex-Landmark™ group have built their success on their ability to innovate and their dedication to customer satisfaction. Previous projects in Calgary include STELLA, NOVA, LUNA, CALLA and MARK on 10th.
™ denotes one or more trade-marks of Qualex-Landmark Management Inc. used under license by Qualex-Landmark Union Inc.