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| Logo Courtesy of Concord Pacific |
Building in a Flood
Zone! No Worries
There is a new condo development coming to Calgary and it
will be right next to the banks of the Bow River. Why? According to the company,
Concord Pacific Inc., Vancouver-based, the Concord will have the latest and best
engineered flood and emergency preparedness. It will be designed in Canada,
according to Concord spokespeople.
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Record-breaking
Prices
Concord plans to sell the residential units at
record-breaking prices. People want luxury and the company' history proves that
it is behind some of North America's largest urban real-estate projects. With
its first foray into the booming Calgary market it hopes to attract the
wealthy.
City's Wealthy
Residents
The complex, on the edge of downtown Calgary, will include just
under 200 luxury homes anchored around a 105-suite, 14-storey tower. The
president and chief executive of Concord Pacific, Terry Hui, said that the Eau
Claire project will offer the city's wealthy businesspeople that special
high-end, superior type of residency that the downtown core has yet to see.
Most Luxurious
Mr. Terry Hui speaks proudly of the project. "We're
lucky," he said. "We're going to probably launch the most luxurious
and the best site in Calgary." He added, "When we launch it, it's
probably going to be the most high-end building the city has ever seen."
Start
at $1 Million
According to a Concord press release, the
prices will effectively start at $1 million. The penthouses will fetch close to
$13 million. There will be a “limited selection” of two-bedroom condominiums
prices starting at only $700,000. The current average price of a Calgary
condominium is $341,000, according to the Calgary Real Estate Board
City
of Calgary Endorsement
The infrastructure, created by Associated
Engineering has been designed to be Canada’s top flood and emergency-prepared
residential development. It is said to include a perimeter system engineered to
withstand an episode twice as significant as the 2013 flood;
Deputy Mayor, Druh Farrell has said, “The
Concord’s location next the Bow River overlooking the Peace Bridge is one of
the most beautiful in Calgary and the Arthur Erickson-inspired design will add
a global flavor to our downtown.”
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