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Old Posted Jul 19, 2012, 3:01 PM
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Location: Saskatoon, SK
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River Landing project approved

By David Hutton, The StarPhoenix July 19, 2012

The high-profile $250-million hotel-office-condo development at River Landing has received its final political approval.

City council gave a thumbs up - without any comment or debate - to Victory Majors Investments Corp.'s plans for the project Wednesday night, allowing the long-delayed development to move forward.

Victory Majors' John Nasser said he took the quick vote as a sign of "continued support for the project."

"This is another step in the process and is another milestone in making this project a reality," Nasser said. "We have crossed many milestones in the past - We still have a number of goals to achieve and to date everything has been according to plan."

The plans feature a 27-storey condo tower, a 15-storey hotel and a 17-storey office complex wrapping around a public plaza.

Nasser said the company wants to create a "lasting legacy" and "Saskatchewan's most respected and recognized urban development to date."

The development still requires internal approvals from the Meewasin Valley Authority and city hall on a number of technical details such as wind studies, glazing and landscaping.

Nasser said he doesn't have a timeline for when a shovel will be in the ground at the south downtown site.

He is targeting this fall, but "we want to make sure we get it right the first time, so if that means a few month(s) delay, we can handle that."

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