Riaz Mamdani officially opens Phase Two of Capital
Updated: May 5
Source: Strategic Group
Phase Two of Edmonton’s Office-to-Residential Ceonverion Project Now Complete Capital Edmonton is Strategic Group’s Newest Mixed-Used Rental Community
Edmonton’s newest rental apartments, Capital Apartments, have completed phase two of the year-long project. The apartments are situated right off the city’s main street, Jasper Avenue at 11043 108 St N.W and were previously an Alberta Health Services building. Opposed to knocking it down, Strategic Group, repurposed the building which saved approximately 18,000 tons of waste from going to Edmonton’s landfill. This is Strategic Group’s largest office-to-residential transformation to date with 214 one and two-bedroom units.
The development meets the WELL Building Standard, which is the leading global rating system and the first to be focused exclusively on the way that buildings, and everything in them, can improve our comfort, drive better choices and generally enhance, not compromise, our health and wellness. The seven areas Capital focuses on are: air, water, nourishment, light, fitness, comfort, and mind.
“The most sustainable building is the one you never demolish,” says Riaz Mamdani, CEO, Strategic Group. “By converting Capital, we have saved thousands of tons of material from going to waste. This is in addition to being a multi-family community that is inherently more environmentally friendly than a single-family home.”
Capital Apartments are an energetic new addition to Edmonton and offer residents exclusive amenities such as an outdoor terrace, social dining tables and media area with soft seating lounge, meeting space to accommodate up to ten people with white boards and presentation TV, bicycle storage and parcel boxes, state of the art multi-use fitness center, retail space on the main floor, and more.
“Transforming underused space into something vibrant and valuable continues to be a smart opportunity,” adds Mamdani. “This work has its challenges and risks, but when you get it right—as we have with Capital—there are significant rewards for the economy, the local community, the environment, and our business.”
The rental property is currently offering a number of move-in incentives including two months free rent, reduced pet fees, exclusive internet offers and more. For more information on Capital Apartments or to book a tour visit the website: capitalyeg.ca or follow Capital Apartments on Instagram and Facebook.