The Parks Reaches 97% Occupancy in Downtown Edmonton

EDMONTON, Alberta, Sept. 28, 2026 /CourierPR/ -- The Parks, a residential community in downtown Edmonton, has achieved a significant milestone, reaching 97% occupancy just 18 months after its first lease was signed. This accomplishment underscores the strong demand for well-designed, amenity-rich rental housing in the city’s core.

Located at 10135-108 Street NW, The Parks has quickly become a sought-after downtown rental community. Its 37-storey North Tower houses 363 studio-, one-, two-, and three-bedroom suites, combining contemporary homes with premium amenities and convenient access to restaurants, shops, entertainment, parks, and green spaces.

Bill Blais, President and CEO of Maclab Development Group, expressed satisfaction with the project's progress.

AJ Slivinski, President of Zen Residential Ltd., which oversees leasing, property management, and asset management for the community, noted the exceptional response from residents.

The strong partnership between Maclab Development Group and Zen Residential provided a solid foundation for the project's successful delivery and lease-up. This collaboration was complemented by the contributions of numerous consultants, trades, suppliers, and community stakeholders who helped shape a thoughtfully designed community centered on quality, service, and connection.

The high occupancy rate 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 and Zen Residential Ltd., as well as everyone whose expertise and effort helped turn the project’s vision into a thriving residential community.