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A new luxury residential real estate development has recently set a new record for the most expensive condo in Calgary. The 5,620 square foot unit sold for $8.3 million. The new development, THE RIVER, has over $30 million in real estate already claimed, representing the first eight units sold in a preview. The new luxury estate condominiums offer the benefits of an estate home without the security and maintenance challenges. THE RIVER development is worth more than $130 million.

Calgary’s new luxury condominium consists of only 38 residences, including 11 Riverhomes and 27 units in a 15-storey tower. The tower units range from 1,400 to 5,626 square feet, with the three-storey Riverhomes ranging from 2,600 square feet to 3,800 square feet.

A rendering of THE RIVER

Amenities within THE RIVER include a concierge, 24-hour security, outdoor living spaces up to 2,950 square feet and elevators.

The new property is developed by 26th Avenue River Investments Inc., an affiliate of Ledcor Properties Inc. Chief Operating Officer of Ledcor, Chris Bourassa says the appeal of the building is namely its exclusivity and location. He says, “On one of the last waterfront properties in Calgary, THE RIVER is a 10 minute walk from downtown, located steps away from Calgary’s 4th Street community and tucked in next to the Elbow River. We are offering this special piece of real estate to only 38 home buyers.”