$8.99 Million Sale at THE RIVER Breaks City Records... Again

Calgary (ots/PRNewswire) -

Penthouse sale in the city's premier luxury residential
development confirms Calgary's interest in prime real estate

- With photo

THE RIVER, Calgary's luxury residential development, has broken
its own, as well as the city's, highest condo real estate sales
record to date. The 5,626 square foot penthouse (with 2,950 square
feet in additional outdoor space) sold for $8.99 million CAD,
exceeding the development's previous record-breaking $8.3 million CAD
sale.

(Photo: http://photos.prnewswire.com/prnh/20120524/533472 )

Situated on one of Calgary's most exclusive and sought-after
riverfront properties, THE RIVER is truly one-of-a-kind and defines
the new concept of luxury estate condominiums in the city. The new
development offers the metropolitan lifestyle and amenities luxury
buyers are seeking in the city they love. With the development
offering only 38 residences for purchase, THE RIVER offers luxury
estate condominiums and Riverhomes ranging from 1,400 square feet to
5,626 square feet in a price range from $1.2 to $8.99 million CAD.

"THE RIVER not only offers its owners an unsurpassable location
but also redefines condo living in Calgary," said Chief Operating
Officer, Chris Bourassa, 26th Avenue River Investments Inc. "The
development presents living spaces that do not compromise quality or
size, and offers a premium lifestyle not yet seen in the city."

Developed by 26th Avenue River Investments Inc., an affiliate of
Ledcor Properties Inc., the luxury riverfront property not only
positions Calgary on the national real estate stage, but has also
achieved its mission of setting a new benchmark for quality that will
contribute to the legacy of the city. The innovative design and
construction of the building offers owners who are ready to embark on
an exciting new chapter in their lives the convenience and comfort of
a secure lock-and-go residence that maintains their standard of
elegant living.

Projected to start construction in late 2012, THE RIVER will
offer 38 residences including 11 Riverhomes and 27 units in a
15-storey tower, many of which have already sold. The Towerhomes
range from 1,400 square feet to 5,626 square feet and the
three-storey Riverhomes range from 2,700 to 3,800 square feet.
Amenities include full-time concierge/security, private gym, yoga
studio, massage room, gourmet chef's kitchen, executive boardroom,
guest suite, car wash/pet grooming facilities and spacious outdoor
living areas.

Previews are by appointment only. Please contact Anne Clarke at
anne@therivercalgary.com, or by telephone at +1-403-263-5133.

ABOUT THE RIVER:

THE RIVER is redefining luxury living on one of the last
remaining waterfront properties in Calgary, Alberta, Canada.
Presenting a new concept known as luxury estate condominiums, THE
RIVER offers only 38 units of estate living with the convenience of a
lock-and-go lifestyle. Construction is slated for late 2012.
http://therivercalgary.com.

Note to Editors:

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For further information:
Media Contact:
Alisha Samnani
Brookline Public Relations, Inc.
t: +1-403-538-5641 ext. 102
asamnani@brooklinepr.com

Photo:
http://photos.prnewswire.com/prnh/20120524/533472

ots Originaltext: THE RIVER
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