From left, Mohammed Esfahani, Mike McDonough, Tony Wai and Coun. Evan Woolley
gathered for the groundbreaking ceremony for a $110M condo project.

Despite a slow economy one developer has decided to break ground on a $110-million condo project in Calgary. Last week marked the start of construction on a 34-storey residential condo tower to be called Park Point. Located on 12 Ave. and 2 St. S.W. in Calgary’s Beltline community, the tower will be just across from Central Memorial Park. Vancouver-based Qualex-Landmark is behind the project.

“We are thrilled to begin construction on our sixth condo tower in Calgary’ said Mohammed Esfahani, president of Qualex-Landmark.

“Now that we’ve broken ground, construction is in high gear to enable us to deliver to our home buyers their dream home so they can start to enjoy urban living at its best.”

The project is expected to create about 250 full-time jobs during construction.

“As the most active residential condo developer in the Beltline for the last 10 years, the Qualex-Landmark group has reached another major milestone with the ground breaking of the sixth condo torver in the Beltline community,” said Esfahani. “It’s a testament that we keep our promise to our home buyers to finish what we start and it further demonstrates our commitment to renewing the vibrancy of Calgary’s Beltline Community”

Already more than $50 million worth of units and more than 40% of the tower has been purchased. The tower will include one, two and three bedroom condos, street-level townhomes and penthouses. Some of the amenities included are a Zen Terrace, a social air lounge with a fire pit, a barbecue area and large harvest table, and a yoga and Pilates sun deck overlooking Central Memorial Park.


Author: Laura Booth for Calgary Sun
Published: October 20, 2015