The Clifton | 55m | 15s

[IanO]

I was fully expecting $1000+/sqft, but that is pretty high. Mind you, that is what the latest wood-framed condo in Canmore just hit along the tracks.... so basically a bargain.

 

[bodsbods9090]

I hope sales are going well enough for the condo to start building. Love the look of this building.

 

[soupcrate]

42% presold, which is almost enough to break ground. They are hoping to start in February.

 

[TAS]

5th floor unit listed for $4.4 million.

Check out the new pics on this link to a new listing. https://www.edmontonrealestate.pro/...2-10143-clifton-place-nw-edmonton-ab-t5h-0e7/

Impressive layout.

 

[cmd uw]

I believe that the upper floor units are sold...and for top dollar! Incredible!

 

[Guy 1]

These units are going to be spectacular. If anyone's ever been in a space designed by walker mckinley, you'll know he does not half ass any detail. I'm very excited to see the final product here.

 

[MacLac]

The Clifton is the latest exclusive address in West Oliver

Autograph Group launches luxury living development for higher-end downsizers.

edmontonjournal.com

$80M for this building? I guess I never did the math......but wowzers!

 

[_urbanite]

This one has some momentum behind it. Over 50% sold (even if exaggerated a bit) is good sales progress thus far. Seems likely this will actually get built

 

[northlands]

Anyone heard word on when we'll see some shovels kiss the dirt here?

 

[davcocom]

I wonder if they will be breaking ground soon now that more than 50% is sold

 

[thommyjo]

I wonder if they will be breaking ground soon now that more than 50% is sold
View attachment 555225

8.9, even 5.7 would be the most expensive non SFHs ever sold in Edmonton, right?

 

[CaptainBL]

I wonder if they will be breaking ground soon now that more than 50% is sold

In this current market environment with rates, a soft condo market, and the limited market for luxury condos any type of bank financing would likely require 100% presales

8.9, even 5.7 would be the most expensive non SFHs ever sold in Edmonton, right?

Yes, I heard that the penthouse that was sold was actually on a $ per sq. ft. basis a record for all of Alberta, higher than any $ per sq. ft. even sold in Calgary. It also was higher than the Pearl penthouse which sold earlier this year a for about $1,235 per sq. ft.

Luxury Edmonton penthouse finds buyer $450,000 under asking

This 2,430-square-foot penthouse sits atop an eight-year-old high-rise perched over a golf course and the North Saskatchewan River

www.theglobeandmail.com

 

[ChazYEG]

8.9, even 5.7 would be the most expensive non SFHs ever sold in Edmonton, right?

As far as I am aware, yes.

 

[IanO]

I cannot imagine even considering spending $6-9mil on a place in Edmonton. To each their own I guess, but that's nuts and simply a poor investment.

2-3mil, sure, but 6-9mil can get you some pretty amazing places in Vancouver, Vic, Toronto, MTL, Palm, San Diego, hell NYC.

 

[bodsbods9090]

I cannot imagine even considering spending $6-9mil on a place in Edmonton. To each their own I guess, but that's nuts and simply a poor investment.

2-3mil, sure, but 6-9mil can get you some pretty amazing places in Vancouver, Vic, Toronto, MTL, Palm, San Diego, hell NYC.

Sure, but when you have $$$ to burn, why not?

And who knows...maybe the individual who purchased it likes investing in real estate?