Central Tower
Edmonton, AB
The Offering
Central Tower (the "Property") is South Edmonton’s pre-eminent luxury rental tower. Built-in 2019, the Property is comprised of 175 sophisticated rental suites, a robust amenity offering, and over 200 underground parking stalls. Central Tower is a stand-out performer in Edmonton’s flourishing multi-family market, achieving market-leading rents and occupancy. Significant to the Property’s success has been its’ transit-oriented development location: Central Tower is located in the immediate proximity of a major transportation hub offering Light-Rain- Transit connectivity.
The Property is being offered for sale with no List Price. At this time, offers will be reviewed on an as-received basis.
Investment Highlights
○ LUXURY RENTAL ASSET: The suites at Central Tower are highlighted by the highest caliber finishings including quartz countertops, flat panel cabinetry, stainless steel appliances, and individually controlled, forced air heating and cooling system.
○ OUTSTANDING PERFORMANCE: The Property is achieving top-of-market rental rates with below average vacancy with 99% occupancy over the last six months. A stabilized revenue stream with proven rent and occupancy thresholds has been consistently demonstrated since initial stabilization in Q4 2020.
○ TOP TIER AMENITIES: Central Tower offers a wide array of amenities deigned to enhance tenant’s quality of life including high-end fitness centre, private dog-park, pet-wash, rooftop community lounge, community garden plots and 24-hour concierge.
○ ICONIC DESIGN: Central Tower boasts an impressive architectural design that sets it apart as a landmark in the area.
○ TOD LOCATION: The Property is excellently situated in the centre of South Edmonton’s unique urban oasis community: Century Park. Central Tower is located 500 meters from the Century Park Transit Centre, one of two of Edmonton’s most southern existing LRT stations, allowing for connectivity to all nodes of the city.
○ RENOWNED DEVELOPMENT TEAM: Central Tower was developed by Procura Real Estate Services. Local to Edmonton with a proven track record, Procura is celebrated for their progressive vision in community creation, redefining skylines, development innovation and focus on sustainability.
○ OUTSTANDING PERFORMANCE: The Property is achieving top-of-market rental rates with below average vacancy with 99% occupancy over the last six months. A stabilized revenue stream with proven rent and occupancy thresholds has been consistently demonstrated since initial stabilization in Q4 2020.
○ TOP TIER AMENITIES: Central Tower offers a wide array of amenities deigned to enhance tenant’s quality of life including high-end fitness centre, private dog-park, pet-wash, rooftop community lounge, community garden plots and 24-hour concierge.
○ ICONIC DESIGN: Central Tower boasts an impressive architectural design that sets it apart as a landmark in the area.
○ TOD LOCATION: The Property is excellently situated in the centre of South Edmonton’s unique urban oasis community: Century Park. Central Tower is located 500 meters from the Century Park Transit Centre, one of two of Edmonton’s most southern existing LRT stations, allowing for connectivity to all nodes of the city.
○ RENOWNED DEVELOPMENT TEAM: Central Tower was developed by Procura Real Estate Services. Local to Edmonton with a proven track record, Procura is celebrated for their progressive vision in community creation, redefining skylines, development innovation and focus on sustainability.
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