‘Big step forward’ for River Landing
By Andrea Hill, The StarPhoenix April 24, 2015
A long-delayed hotel-condo-office development at River Landing has secured a funder, but there’s still no word on when construction will begin.
Victory Majors Development Corp, the Saskatoon-based company that took over the land across from what will eventually be the new Remai Modern Art Gallery, will partner with Regina-based Greystone Managed Investments Inc, a pension fund investor, pending council approval on Monday.
“It’s definitely a big check off the box for financing. Basically, it’ll be built with cash instead of debt so it’s a huge plus,” said Victory Majors president John Nasser. “It’s an exciting big step forward.”
He said the value of the project will “definitely” exceed $300 million, but that he can’t give a specific price tag. [...]
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