CALGARY, Alberta, May 1, 2012 /PRNewswire/ --
Quality, innovation and attention to detail is driving Calgary's rising luxury real estate market
Estate condominium development THERIVER announces another five sales ranging in price from CAD$2.6M to CAD$5.9M. This is further evidence of Calgary's growing market for innovative, quality and luxury condominiums. These latest transactions join the CAD$8.3M record setting sale at THERIVER this past January, creating a new benchmark for condominium sales in the city of Calgary.
Chief Operating Officer Chris Bourassa credits the development's success to a number of factors including the introduction of the category-defining 'luxury estate condominium' concept which was the result of over five years of careful planning and community input. The private, exclusive nature of the development and highly sought after riverfront location were also appealing for this decidedly boutique community with only 38 residences. Purchasers have been drawn to the elegant design and unprecedented level of finishings that position the development into a landmark building. Additionally, buyers have consistently expressed comfort in knowing that the developer is an affiliate of industry leader Ledcor Group of Companies, whose portfolio includes such iconic projects as The Bow, Vancouver's Shangri-la and Shaw Tower, The Art Gallery of Alberta in Edmonton, and Maui's Honua Kai luxury resort.
Strong sales activity at THERIVER is consistent with Calgary's luxury home market, where year-to-date sales of homes over CAD$1M are higher than last year. These trends are indicative of a burgeoning upper end real estate market, where there is a growing demand for new levels of quality and luxury. THERIVER is on the forefront of this rapidly emerging market.
For further information: