The Parks Reaches 97% Occupancy, Marking a Major Milestone for Downtown Edmonton

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Postmedia has not reviewed the content. by GlobeNewswire The Parks Reaches 97% Occupancy, Marking a Major Milestone for Downtown EdmontonAuthor of the article:EDMONTON, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) — The Parks, a residential community in downtown Edmonton, has reached 97% occupancy approximately 18 months after its first lease was signed. The milestone reflects strong demand for well-designed, amenity-rich rental housing in the city’s core and the collective work of the many teams and organizations that helped bring the community to life.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLocated at 10135–108 Street NW, The Parks has quickly become a sought-after downtown rental community. Its 37-storey North Tower offers 363 studio-, one-, two-, and three-bedroom suites, combining contemporary homes, premium amenities, and convenient access to restaurants, shops, entertainment, parks, and green spaces.This advertisement has not loaded yet, but your article continues below.“Reaching this milestone speaks to the vision and dedication of the entire project team,” said Bill Blais, President and CEO of Maclab Development Group. “From planning and design through construction, leasing, and ongoing operations, many contributors shared a commitment to creating a vibrant residential community and a new benchmark for high-rise rental living in downtown Edmonton.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“The response from residents has been exceptional,” said AJ Slivinski, President of Zen Residential Ltd., which oversees leasing, property management, and asset management for the community. “Achieving 97% occupancy while maintaining a 5.0-star Google review rating shows that The Parks is delivering the connected, convenient, and elevated living experience envisioned from the outset.”The strong partnership between Maclab Development Group and Zen Residential provided a solid foundation for the project’s successful delivery and lease-up. That partnership was complemented by collaboration among the many consultants, trades, suppliers, and community stakeholders who contributed throughout the project. Their combined expertise helped shape a thoughtfully designed community centred on quality, service, and connection.The strong lease-up of The Parks underscores continued confidence in downtown Edmonton and the appeal of thoughtfully designed urban rental housing. More importantly, it represents a shared accomplishment for both Maclab Development Group, Zen Residential Ltd., and everyone whose expertise and effort helped turn the project’s vision into a thriving residential community.To learn more about The Parks, visit the Discovery Centre at 10135–108 Street NW.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.