The developer stated at the time that the latest designs went to Council for approval that the office tower portion would be starting in the spring.
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Although still waiting to hear some new 'news' about the progress for this year on the RiverLanding project, at least another developer (from Victoria, BC) has bought property for development as part of the overall River Landing development area by the river. This is by the Farmers Market. This guy seems to have very good reputation and credibility, so am optimistic this project actually WILL occur. :tup:
http://www.thestarphoenix.com/busine...536/story.html Seems to me, shouldn't we be hearing something soon from Nasser about when shovels will be in the ground for RiverLanding Village??...thought they were targeting Spring 2013. If so, you would think detailed plans should be shared soon. :shrug: |
Yeah, I'm pretty sure they said the office building would be going ahead asap... no?
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I can't decide if this is good news or not...:shrug:
http://www.saskatoonhomepage.ca/plan...el-y/itemid_21 Sounds like nothing will be happening until late summer or fall at the earliest. Also, they seem quite indecisive as to what will be constructed first, which seems a bit odd to me. You think that part would at least be determined by now. I sure hope this will not be another 'wait and see' of something that never happens....:( |
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http://4.bp.blogspot.com/_9PHYIvlIYd...pa%2Bhotel.jpg They're not looking for just something. If we're going to do something spectacular, it has to be done right. That's why they're being so ridiculously lenient. I'm sure there could have been 100's of other rinky dink developments that could have been built there in the mean time. Not interested. If someone legitimate came along with all their funding in place, I wouldn't be surprised if they dropped Nasser like a bag of dirt. That being said, he seems to be getting his ducks [very slowly] in a row. |
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We've seen the same thing in Regina with a couple of projects, Capital point (Hotel and condo) and an office tower that was supposed to have the largest square footage in the province. Both announced start dates a long time ago and neither has started. Despite the 'boom' in the province it is still all relative. Saskatchewan is still a relatively small province and as such, demand for these things is also limited and will take time for them to come to fruition. I understand your frustration though! |
this is starting to become a joke. i know i sound impatient. but it really is. do it like alberta. build the dam thing already create jobs. let our company build this things.. but however i guess theres lots of stuff still to cover. ha they should put some overtime in on this whole design thing.
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I'm in commerce at the U of S and I was told by a couple well-connected classmates that John Nasser has no intention of building on this site unless he can secure tenants. Apparently, he does not have the passion for this project his father does and is happy sitting on it and collecting parking revenue indefinitely, for 20 or 30 years, as my classmate said.
These are just rumors, so take them for what they're worth. I hope they're wrong - this would be an amazing project if it went through. |
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Shit. What a weasel.
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After all the time and money invested on and around the River Landing site the city of Saskatoon deserves better. When Nasser's time limit to build expires the parcel of land needs to be sectioned off and sold to legitimate builders one project at a time.
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I do have a question though, why is the father no longer involved? |
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Remember that this is Atchison's legacy project. I'm sure he's not wanting to start from scratch with another developer (again). After all, a man can only keep getting re-elected for so long. Whereas a woman (Mayor Hazel McCallion of Mississauga) can apparently be elected at least 12 times. |
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Oh CRAP!! Just read an article in Star Phoenix today that was discussing some of Saskatoon's current construction projects and the impact of winter on their schedules. In that article, reference is made to the Riverlanding project being developed by Victory Majors (Mr. Nassers company).
He is quoted as saying "I wouldn't anticipate anything going in the ground this year....there are hurdles, but no roadblocks, it's a lot of planning. We're really excited about this." He also indicated that "planning is slower then expected and the company is still working with potential tenants and looking at project specifics. A detailed final plan needs approval from the city before construction begins, and that plan is likely to be submitted in spring 2014." So, at best, we will not see any action on that site until summer or fall of 2014. My optimism for this project has now been dashed. I believe Riverfront office building will go ahead before Riverlanding on the Galaxy theatre site, and that Nasser is quickly loosing opportunities for potential tenants. Time to move on..... :( |
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The article says they're "working with potential tenants and looking at project specifics." We don't know the full story behind what's going on. They could be working with a major hotel brand or major office tenant with very specific needs that need to be ironed out. A $250 million project is a major undertaking for Saskatoon. That number could be higher as I believe that valuation is now years old. If I was behind this project, I wouldn't start digging until all my ducks were in a row. For what's it worth, Nasser's comments are positive and optimistic. |
I lost hope a long time ago. I'm going to die of old age before anything gets built there! Even if and when something does, it won't be good enough to offset the disappointment that's accumulated over the last six years.
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