Regina Construction III

[jvj]

Originally Posted by OOO AHH OGEMA

i have it on good authority that Save-on-foods is expanding into Sask. No idea what locations they have selected though.

Expect them to announce they are moving into the old Canadian Tire south building.

[BrutallyDishonest2]

Originally Posted by Stormer

Winnipeg is getting 2, so I doubt more than 2 doubt for Regina. Is there room in Grasslands? They could use another grocery out there. Also Westerra seems likely.

They can't go in Grasslands. Walmart has an exclusivity on grocery. They are going to the old Canadian Tire and perhaps in the NW at Armour Crossing.

[BrutallyDishonest2]

Originally Posted by Stormer

That would be nice but it won't happen. Too much risk, no parking.

Well yes, considering it's likely the whole development won't happen unless the federal government donates all of the money.

[Stormer]

Originally Posted by BrutallyDishonest2

Well yes, considering it's likely the whole development won't happen unless the federal government donates all of the money.

CMHC alone would probably finance 90% of the residential portion, so there are sources of funds available under existing programs for these types of developments.

[Elio]

Originally Posted by OOO AHH OGEMA

i have it on good authority that Save-on-foods is expanding into Sask. No idea what locations they have selected though.

25 year lease signed with Muir Barber for the old Canadian Tire site for the new Save-on grocery store.

[Drofmab]

Originally Posted by Stormer

That would be nice but it won't happen. Too much risk, no parking.

My bet on that location's "grocery store" is a Shopper's Drug Mart using their fresh food format.

[Drofmab]

Originally Posted by Stormer

CMHC alone would probably finance 90% of the residential portion, so there are sources of funds available under existing programs for these types of developments.

Not that Namerind could afford to undertake this on their own (I doubt most other organizations proposing affordable housing), but I'm surprised at how quickly people sell Namerind short. I'd say their track record speaks for itself. Granted, this is a fairly significant leap from past projects, but it fits their model of a diversified portfolio of holdings. And they've demonstrated commitment to projects with and without government funding.

[Stormer]

I checked and CMHC will actual insure up to 95% of the residential value on an affordable housing project:

To support the creation of affordable multi-unit housing, CMHC offers financing flexibilities, including loan-to-value ratios of up to 95% and reduced premiums. The higher the level of affordability, the greater the flexibilities offered.

[Drofmab]

Hotel Sask sold... no impact on Marriott rebranding, just interesting.

http://regina.ctvnews.ca/regina-s-historic-hotel-saskatchewan-sold-in-37m-deal-1.2457742

[Stormer]

It looks like at least a micro-mine will be built at Kronau. At least its something and has the potential to be upscaled to a $billion facility. I am skeptical that they can actually make money at this small scale.

http://www.thestarphoenix.com/business/Chinese+firm+buys+Western+Potash/11194092/story.html

[one_brick_at_a_time]

Originally Posted by Drofmab

Hotel Sask sold... no impact on Marriott rebranding, just interesting.

http://regina.ctvnews.ca/regina-s-historic-hotel-saskatchewan-sold-in-37m-deal-1.2457742

And Marriott has the Delta Hotel Regina now too correct?

[one_brick_at_a_time]

Here we go:

http://www.marriott.com/hotels/travel/yqrdr-delta-regina/

[BrutallyDishonest2]

Originally Posted by Stormer

I checked and CMHC will actual insure up to 95% of the residential value on an affordable housing project:

I think it's important to remember that CMHC will finance that much, not that they are going to. The non-residential portion itself will be very expensive and with current market conditions unlikely to find funding. Plus, let's remember CMHC is more-or-less the federal government, as I said.

Originally Posted by Drofmab

Not that Namerind could afford to undertake this on their own (I doubt most other organizations proposing affordable housing), but I'm surprised at how quickly people sell Namerind short. I'd say their track record speaks for itself. Granted, this is a fairly significant leap from past projects, but it fits their model of a diversified portfolio of holdings. And they've demonstrated commitment to projects with and without government funding.

I think you are really overstating Namerind's ability to finance a project of this scale. Their portfolio isn't particularly large or valuable.

I predict a long-term parking lot, which they've already hinted at doing.

[HomerSPC]

Originally Posted by one_brick_at_a_time

Here we go:

http://www.marriott.com/hotels/travel/yqrdr-delta-regina/

"and next door to the chic Cornwall Shopping Centre"

First and probably last time I'd ever hear that the Cornwall Centre is "chic"

[Stormer]

Originally Posted by Drofmab

Still no word on what's happening with the (former) Southland SportChek? They're clearly subdividng it into two spaces, and adding a second entrance (towards Montana's).

Barista at Starbucks says a dollar store or Giant Tiger

Seems unlikely if it is being divided in two.

[SkydivePilot]

Originally Posted by Festivus

I was driving in Harbour Landing tonight and I went past the corner of Parliament and James Hill Rd (where Parliament Ave current ends at its west-most point), and I noticed that it's going to be compressed down to a single lane in the new area to the west (they already have the sidewalks done). So that means there will not be a single 2-lane road west of James Hill Rd or into Harbour Landing West. Really kind of weird and short sighted.

The curbs are completed to the end; however, there are no sidewalks. So far, it appears to be 'double-laned' --- pending parking arrangements.

The west portion of Gordon Road appears to be double-laned [plus parking] to Campbell St.; it's just that there are no lines painted to suggest that as-of-yet. (But there is certainly room for two lanes.)

We'll see how all this unfolds.

[Festivus]

Hopefully there is room. To me it seemed like there was only maybe 1.5 lanes-worth of width on each side.

You know how on Gordon Rd the road bends a bit right before you hit all those townhouses past the creek? Technically that is 2 lanes, but realistically because the curve is right there it basically narrows down to 1.5 because of the way the contractors built it. It seems like the same thing at the Parliament Ave extension to my eyes. And yes Gordon might have room for 2 lanes, but only if those lanes are far narrower than is standard elsewhere. Or it's possible that the parking lanes are narrower, forcing the vehicles to butt out into the right lane. But driving on west gordon rd it doesn't seem like you could fit a parked truck + 2 other trucks side by side on the road, especially through that curve just west of the creek! That damn curve is one of the worst design flaws in that area.

[SkydivePilot]

Jim Pattison will be in town today to announce that Save-On will be setting up shop in Saskatchewan.

[Stormer]

Originally Posted by SkydivePilot

Jim Pattison will be in town today to announce that Save-On will be setting up shop in Saskatchewan.

40 stores coming to SK and MB eventually according to the FP:

The Langley, B.C.-based retailer will open 40 stores in the two provinces during the next three to five years, starting with seven stores in the spring of 2016 — three in Winnipeg as well as stores in Saskatchewan in Regina, Saskatoon, Yorkton and Moose Jaw.

Sounds like just one in Regina for now.

[HomeInMyShoes]

^40 stores in SK/MB seems like over-extending oneself a bit.

I did like Save On when I lived in Edmonton, but it's a bit pricey. I'm really more excited about the Superstore renovation at the Golden Mile.