More Than $104 Million in Sales at the River Luxury Condominium Project
In Mission, there are only 8 homes out of 38 that are still for sale in the River development. So far $104 million in sales has been accomplished with 6 more condo units selling within the last 30 days for just about $15 million.
The project has been developed on 26th Ave. SW. on the Elbow River. Last year in May 2012, a record $8.99 million was paid for a penthouse with 5,600 ft.² in the River Tower. This tower has 15 floors and 26 condo units and the low-rise building contains 8 homes. There will also be a total of 4 multi-level townhouses included in this development.
If you're interested in making a purchase there is a condo unit for sale for less than $8 million. This unit consists of 5,148 ft.² and is absolutely beautiful.
The ground floor of the River project has been elevated by a couple of feet so that the homes along the main level are situated above the highest flood levels that were recorded last year at this site. As a result, people that are looking for luxury living can feel comfortable about their home purchase knowing that they will be safe from any flooding.
It's expected that the entire project will be wrapped up by August 2015. This development has been selling successfully with condos being offered in a higher end niche. It’s certainly evident that Calgary was ready to embrace such a project with the majority of the units already sold.Posted by on