Hats off to second of three towers
Topping-off ceremonies have always been a big deal in Calgary’s highrise community. But to have two by the same company at a time when the real estate market in struggling is a really big deal.
“Achieving a milestone like this in today’s challenging economic environment is particularly noteworthy and speaks volumes for the skill and commitment of our entire development team and construction workforce,” says Randall Provost, president of Keynote Development Corporation.
Provost made the comments following the recent topping-off of the first residential tower of the three-tower Keynote complex located between First Street and Macleod Trail S.E. and 11th and 12th Avenues.
Six months earlier, Keynote celebrated in the same way for its 14-storey office tower that has the engineering firm of CH2M Hill as its anchor tenant.
Although the topping-off ceremony for the first 26-storey residential tower has taken place, there are still about 19 of the 179 units left for project sales manager Jeannie Elrafie to sell.
“We’re seeing an increase in interest from people — not investors, but people who actually want to live downtown,” she says from the Keynote sales and presentation centre across First Street from the construction site.
The fully-furnished show suite model is typical of an actual 635square-foot, one-bedroom apartment condo in the tower.
“They’re small, but we’ve given them prominence in the tower by putting some of them on the corners on all floors so they have wonderful views,” says Elrafie.
Stepping into the suite, the layout of the main living area is in front of you.
The openconcept design includes kitchen, living room and dining room.
Cork is the flooring of choice in this part of the suite while carpeting and porcelain tile is used in other areas.
The kitchen, with an island separating it from the living room, has granite countertops, glass tile backsplashes (set on end rather than in a horizontal pattern), Formica- faced cabinets with two different finishes and stainless steel appliances.
The bedroom is carpeted and a walk-through close leads to the bathroom that uses porcelain tile on the floor and is shown with a tub/shower.
Outside the bathroom behind a single hinged door is a stacking washer and dryer.
Pricing for unit starts at $370,000 with condo fees set at 40 cents per square foot.
There are three different finishing packages available.
Through the tower, the available suites range from 635 to 931 square feet and are priced from $370,000 to $550,000. As well, there are eight Sky Suites — penthouses measur
ing more than 1,500 square feet — that are priced at just over $1 million, according to Elrafie.
Construction of the second residential tower will halt, for the time being, at the top of the retail podium. No date has been set for work to begin on the residential portion.
“It’s very much dependent on the market,” says Elrafie.
Large windows create abundant skyline views in the condo units in Keynote, a three-tower complex.
At left, almost wall-to-wall and floor-to-ceiling windows open up the main living area bring in light and capture city views in the units. At right, the elegant bathroom shows a high level of standards in the unitsw, such as decorative tile and granite...