Quote:
Originally Posted by L'homard
Does anyone know whatever happened to the original plan to build a series of giant, multi-story seniors' complexes?
There were some solid, big time projects all lined up by a prominent company. I have a vague memory of something happening that prompted them to back away.
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It's a long convoluted storey.
The Shannex plan was to build a large retirement village with as many as seven buildings, including two 10 storey towers on an extension of LJR Boulevard.
In order for this to happen though, an expensive bridge would have to be built over the west branch of Halls Creek.
This bridge was to be co-financed by the city and Cordova Realty, and Cordova had big plans to make this entire area one huge residential/commercial district anchored by the new Costco. This was to be Mapleton Crossing Phase Two.
Unfortunately, Costco elected to build their new store in the Granite Centre. Without Costco as a tenant, Mapleton Crossing Phase Two collapsed into a shattered dream. Without anticipated income from Mapleton Crossing Phase Two, Cordova couldn't afford to co-finance the new bridge. Without the new bridge, Shannex declined to build their retirement village.
It was all a house of cards............
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