Strategic Group opens new residential tower in the heart of Calgary
Mayor Nenshi joined CEO Riaz Mamdani at opening ceremony for a symbol for this city
Today, Calgary Mayor Naheed Nenshi joined with Strategic Group CEO Riaz Mamdani to officially open the doors to Calgary’s newest mixed-use, multi-family rental tower: UPTEN. Once the site of a struggling project that was a victim of a former economic downturn, this high-end residential tower in the heart of the city has become a symbol of optimism for the community.
“As we completed UPTEN, we discovered it had become a symbol for our company and our city,” said Strategic Group CEO Riaz Mamdani. “Before we acquired the project, it was an unfinished pit—a relic of the recession of 2008. Now it rises high as a new tower to be filled with people and business. It is a symbol of optimism that I truly feel for this city.”
“This is an exciting development, offering homes, and a lifestyle for Calgarians that is right at the heart of so much in our near future,” said Mayor Nenshi. “Between the investments in Arts Commons, the Green Line, and everything in the Cultural and Entertainment District, the residents here will be front and centre to our city’s future.”
Featuring wide sidewalks with street-level retail and a monumental statue by world-renowned artist Bruno Catalano, the building includes an inviting streetscape that is a welcome addition to this stretch of 2nd Street SE in the Beltline.
“Any development that adds vitality and energy to the community is welcome,” the mayor adds.
UPTEN is a modern residential rental tower that boasts amenities that reflect the changing needs of a sophisticated market. Community gardens, electric car charging stations, a rooftop outdoor movie theatre, a coffee lounge, chef’s kitchen and dining area, meeting rooms, and feature-rich suites are just some of the elements that make UPTEN an unparalleled home.
“The opening of UPTEN is also a meaningful milestone in the history of our Calgary-based company,” said Mr. Mamdani. “The past 12 months have been difficult for our company as we have restructured to adapt to the economic downturn. Despite those challenges and the new pressures of the global pandemic, UPTEN remained resilient and is opening on budget and on schedule. That is a testament to strength and perseverance of our entire team at Strategic Group.”
Located just up 10th Ave on 2nd Street SE, UPTEN will also include yet-to-be-announced street level retail that will add to the vitality of the Victoria Park community of Calgary’s Beltline. At 38 storeys with incredible downtown, Bow River, and mountain views, this new home for Calgarians is just steps from the best our city has to offer. This 379 one- and two-bedroom suite community is surrounded by Calgary’s East Village and Rivers District, downtown, and vibrant inner-city.
To learn more about UPTEN, please visit www.LiveUPTEN.com. New residents can move in immediately.