Global real estate investment manager Hines has celebrated the completion of its Park Central master plan with the grand opening of Two Park Central, a luxury high-rise located in the Beltline neighbourhood of Calgary. The 405,590-square-foot building features 531 upscale rental apartments across 40 storeys.
In 2020, Hines completed One Park Central, a 368,216-square-foot luxury rental tower, and now manages approximately 1,300 residential units in Calgary, both within its own portfolio and on behalf of third-party entities.
“The completion of Two Park Central further builds upon the nearly 20-year legacy that Hines has cultivated in Calgary,” said Avi Tesciuba, Co-Country Head for Hines Canada. “One and Two Park Central set the standard for rental living in Canada through our best-in-class amenity programming and property management platform. This project exhibits not only our capability to deliver in-demand, well-curated luxury residential product to this market, but also our commitment to the community in creating a dedicated space for local, celebrated artists to thoughtfully present engaging artwork that will inspire residents for years to come.”
The Park Central master plan includes space for artwork to be showcased along the elevated breezeway connecting the two residences. As part of the opening ceremony on September 19, Hines unveiled two pieces of art by award-winning Canadian artists Ron Moppett and Katie Ohe.
Moppett, one of Canada’s leading contemporary painters, is a recipient of numerous awards including the prestigious Gershon Iskowitz Prize, The Alberta Centennial Medal, and the Board of Governors Alumni Award of Excellence. His latest work for Two Park Central, entitled “BIRDHAT/STARTREE,” is an animated 15-colour polychrome sculpture standing 3.5 meters.
Ohe is a renowned Canadian sculptor and an elected member of the Royal Canadian Academy of Arts, having exhibited extensively throughout Canada and internationally. She was awarded the Lieutenant Governor of Alberta Distinguished Artist Award, the province’s most prestigious artistic award. Her newest work for the building, “Three Tree,” is a 3.5-meter-tall, kinetic steel sculpture.
In addition to the art, Two Park Central includes a host of on-site amenities and 5,100 square feet of street-level retail space intended for several prominent local food and beverage tenants. A variety of retail and dining options also exist within the immediate vicinity of the towers.
Visit www.hines.com for more information.
