Driving around the city this weekend, I noticed some activity at construction sites. Part of the southbound side of Pacific Ave between 22nd and 23rd Streets is blocked off, and it looks like site preparation is underway for the Holiday Inn.
In Nutana, a block of old houses on 8th St between Dufferin and Landsdowne have been razed, and it looks like they're prepping for the contruction of the
Vestel condos. Looks like the majority of the units are either sold or on hold. If some of them are first-time buyers, I'm sure there's a "
Vestel virgin" joke to be made there...
In University Heights, it looks like equipment is being moved in to develop the University Heights Square project. Here's an article from the paper that I found just now from last week.
Retail complex underway
The StarPhoenix
April 15, 2010
The largest retail development in northeast Saskatoon is now under construction.
Pillar Development Corp. completed the purchase on March 31 of the 23-acre site at University Heights Square, on the corner of Attridge Drive and McOrmand Drive. Construction started this month on Phase 1, which has about 115,000 square feet of retail space to accommodate 27 tenants.
"We have been working closely with local, regional and national tenants. Many of the tenants are scheduled to open Nov. 1, 2010," said Keith Webb, vice-president of Colliers McClocklin, which is doing the leasing on behalf of Pillar Development.
So far, Phase 1 is 70 per cent leased, with remaining spaces ranging from 1,400 square feet to 30,000 square feet.
In March, CIBC announced plans to open a 6,100-square-foot branch at the development in spring 2011.
University Heights Square is surrounded by six established neighbourhoods -- Arbor Creek, Erindale, Forest Grove, Silverspring, Sutherland and Willowgrove -- as well as the planned Evergreen neighbourhood.
In September 2009, the City of Saskatoon granted the developer a payment extension to March 31 on the nearly $18 million it owed for the 23-acre property.
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