Park Point achieved 50 per cent completion of its first tower and Around Town was there to mark the occasion. Qualex-Landmark™ group, developer of Park Point, a 34-storey, $110 million Beltline residential condo tower across from Central Memorial Park took media on a tour of the soon-to-be-completed high-rise. This construction milestone comes at a time when Calgary residential sales are once again beginning to climb. According to the Calgary Real Estate Board (CREB), May 2017 saw a total of 2,119 sales up from the 1,904 in April 2017. “Construction began at Park Point in the fall of 2015 and has been progressing on schedule with upwards of 170 – 200 workers currently on site and hitting every milestone in its advancement into the Calgary skyline,” says, Parham Mahboubi, vice president, planning and marketing, Qualex-Landmark™ group. He tells Around Town that Park Point has also exceeded 70 per cent sales in the first tower, including seven of the eight live-work townhomes at the base.
BY PEPPER RODRIGUEZ