SKY RESIDENCES AT ICE DISTRICT (EDMONTON)

Details

DEVELOPMENT INFORMATION:‎

Summary:  Meet Edmonton’s new address for the upwardly mobile.

SKY Residences at ICE District offers the ultimate in urban living from the tallest tower in Western Canada. Situated on floors 30 through 66 with forever-views in all directions, SKY Residences at ICE District serves up privileged amenities along with all the buzz of living in the heart of ICE District.

YEAR ROUND ENTERTAINMENT Discover ICE District’s buzz worthy restaurants and cafes, ongoing Oilers games, concerts, cultural events, shopping, a Cineplex UltraAVX & VIP Cinema, and the Grand Villa Casino. Plus a direct inside connection to downtown Edmonton’s above ground pedway system. The LRT or transit system is located just steps away.

Development Name:  Sky Residences at Ice District

Developer:  ICE District JV Inc., Katz Group Real Estate, ONE properties

Address:  10310 102 St. NW, Edmonton, AB T5J 4X1

Main Intersection:  104 ave NW / 105 St NW

Number of Storeys:  43rd to 66th

Number of Units:  315

Unit Types:  1 – 2 BED + Den

Unit Size Range: TBD

Parking Price: $39,990 (Available for suites priced at $453,990 and up)

Locker Price: $8,000 (Available for J, J1, K, K1, H and A models)

Estimated Taxes: Approx 1% of purchase price

Estimated Maintenance:  $0.63/sf (Excludes hydro and water)

Estimated Parking Maintenance: $30 per month

Estimated Locker Maintenance: $25 per month

Estimated Occupancy Date:  120 Days

Deposit Structure: (10% total)‎: 

$10,000 on signing
Balance to 5% in 30 days
5% on Occupancy/closing

International Deposit Structure: (35% total)‎: 

$10,000 on signing
Balance to 5% in 30 days
5% in 60 days
10% on Occupancy/closing

Building Amenities: 

18,000 sq.ft. (indoor and outdoor) located on 30th floor is shared between the residences and the 4-star boutique hotel for longer term stay:
• Outdoor fireplaces, lounge areas (indoor and outdoor), Gas BBQ, Demonstration kitchen and dining area, Rooftop patio, Oversized hot tub, Billiards club, Media room with large-screen TV, Fitness centre with state -of-the-art equipment and spacious yoga/pilates studio, Outdoor health
& wellness terrace and Infrared sauna.
• 4-Star boutique hotel for longer term stay will responsible for approximately 35% of the building maintenance fee.

DEVELOPMENT HIGHLIGHTS:‎

• Edmonton has 2nd fastest growing population among Canadian cities, with annual growth averaging 2.6% vs 1.42% being the Canadian average.
• No Land Transfer Tax, no Speculation Tax, no Vacant Home Tax, no Foreign Buyers Tax, No PST, and no Rent Control. 
• ICE District will be the largest mixed-use sports and entertainment district in Canada spanning over 25 acres of downtown Edmonton.
• ICE District is a master-planned community connecting downtown Edmonton to the north, east, west, and south, and will be linked by five LRT stations, above and below-ground indoor pathways, pedestrian-friendly streets and promenades, and ample parking.
• Over 75,000 growing employees projected in Ice District
• Minimum rental duration is 30 days
• Over 100,000 students attending four schools within 10 minutes of the building.
• High rental income for recently occupied suites in Phase 1. Receiving $2.85 – $3.25/sf in rent. This is between 60% -100% higher than surrounding buildings outside of ICE District (approximately $1.65 – $2/sf).

PLATINUM PURCHASER INCENTIVES

1. G.S.T included in Purchase Price (5% of Purchase Price Value)
2. Up to 20% Discount off the purchase price **
   PPSF starting from mid $500s
3. Vendor Take Back
   20% Interest-Free 2nd Mortgage for Domestic and International
4. 3-Year Rental Program
5. Fly and Buy***
   ***During the 10 days cooling-off period: Purchaser(s) will receive flight & 2-night stays at J.W. Marriott. If firmed, the total value will be deducted off the purchase price on closing. If not, the purchaser(s) will be responsible for all expenses During the 3 years rental program: 3 Pairs of Hockey Tickets and 3 x 2 overnight stays at the J.W. Marriott – Transferable to Family & Friends