Central Tower now starting to take shape in south Edmonton
An 18-storey residential tower is beginning to rise in Century Park, a south Edmonton transit hub.
Central Tower will feature 176 premium residential rental units, developer ProCura Real Estate Services Ltd. said in a Monday news release.
The tower is the first project underway at Century Park since city council approved ProCura’s rezoning proposal for the transitoriented site last June.
The approved plan for the site’s remaining 13 hectares allows for 3,995 new residential units, office space, a boutique hotel, a premium retail promenade and walkable urban streets.
The scheme includes what ProCura calls a new European approach to residential parking, in which the same stalls can be used by residents, employees and transit park-and-ride users at different times of the day.
Normally that’s prohibited by zoning rules.
The development will be allowed up to 1,125 paid park-andride stalls in addition to residential parking, but ProCura will combine uses to avoid having empty spots.
The extra land will be used for amenities.
City officials will re-evaluate how the parking experiment is working each time ProCura applies for a development permit as the site gets built out.
Buyers lined up overnight in 2006 for a chance to buy the first condos on the site northeast of 23 Avenue and 111 Street, but two years later, the real estate market crashed and only about 400 of a scheduled 2,900 units were built.
Part of the property was leased to the city for LRT parking while ProCura came up with a new vision for the land.
“The groundbreaking for Central Tower marks the beginning of a new chapter in the development of Century Park into an environmentally conscious urban neighbourhood,” ProCura president and CEO George Schluessel said in the news release.
“The tower will offer premium rental living with many shops and services within walking distance and excellent transit connectivity to the rest of the city via LRT.”
Edmonton-based Manasc Isaac Architects is the architect of record for Central Tower.
ITC Construction Group will provide general contractor services for the project.
Central Tower is slated to be complete by June 2019.