TeamFisher.com » neighbourhoods

Multi-family development near Montgomery Place can proceed

Norm Fisher — Sat, 14 Jan 2012 19:07:22 +0000

Last week, Montgomery Place residents scored a bit of a win when the City of Saskatoon announced that a proposed wind turbine at the nearby landfill would not go ahead as planned. This week, they weren’t so lucky as city administrators prepared a report for council that states a proposed multi-family development on land just North of 11th Street can move forward in the approval process.

The report states that existing zoning is appropriate for the proposed development which will meet the city’s long-term plans to encourage a mix of housing types in all neighbourhoods. Currently, single-family homes are the only type of housing available in the Montgomery area. Further, the report explains that the development will contribute to a “more compact and efficient urban form and make effective use of existing community infrastructure,” an important consideration given the rapid population growth that Saskatoon is experiencing.

Once the approval process has been completed, five acres of the 18-acre parcel of the land owned by North Ridge Developmentswill become home to a 192 unit apartment complex. The remaining 13 acres will likely be developed as demand dictates. The current plan calls for up to 750 housing units when complete.

The project met resistance from the area’s community association who feel that the development is “out of step with the character of adjacent Montgomery Place,” according to a story in the Star Phoenix. Many residents of the historic area that was developed in honour of Second World War veterans feel that the neighbourhood has been “under siege” as the area around them changes to accommodate and expanded landfill, a new bus barn and city yards site, and the extension of Circle Drive South.

In one seemingly over-the-top expression of concern, Councilor Pat Lorje, speaking about Second World War veterans, declared the move as an end to “the recognition of their sacrifice.”

I’m going to go ahead and make two bold predictions. Saskatoon will continue to honour the sacrifice of our Second World Wars veterans, and Montgomery Place will maintain its unique charm for years to come in spite of this development. It’s a beautiful area now and so it will remain.

Learn more about beautiful Montgomery Place.
Read: Montgomery development can proceed; Lorje says decision ‘dishonours’ veterans.
Read also: Montgomery plan approved.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Saskatoon’s Nutana area offers diversity in its people and its homes

Norm Fisher — Wed, 11 Jan 2012 14:20:35 +0000

Here’s a link to an article that’s part of a series that appear in Bridges in which Charles Hamilton gets a feel for a Saskatoon neighbourhood from a resident of the area. This one is about the Nutana area of Saskatoon.

Read it here.

See our neighbourhood page for Nutana here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Construction of Affinity Credit Union offices underway in City Park

Norm Fisher — Sun, 08 Jan 2012 16:29:16 +0000

Construction is underway on the new Affinity Credit Union offices which will be located at 710 Duke Street in Saskatoon’s City Park. The construction plan, managed by Meridian Development will make use of the existing 49,000 square foot building on the site. Some additional space is being added at the North end of the building to accommodate what appears to be the main entrance to the offices.

As a former school, the parcel includes a fair bit of land that had previously been used for recreation. It looks like the construction plan will leave a lot of room for additional development to the North and to the East of the existing building. I expect that we’ll eventually see that land used for condominium development, but that’s only a guess.

The building was originally constructed in 1927 by the Saskatoon School Board as Wilson School. When the school amalgamated with North Park School in 1993, the property was purchased by the First Nations University of Canada who used it as a school until 2011 when funding issues forced them to sell.

Visit TeamFisher’s City Park neighbourhood page.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Montgomery Place residents win one as proposed wind turbine gets scrapped

Norm Fisher — Sat, 07 Jan 2012 16:51:08 +0000

A story in this morning’s Star Phoenix says that the wind turbine that had been previously approved by Saskatoon city council for construction has been scrapped.Only one bid was received to build the controversial 120-metre turbine, and that bid was $1.35 million more than the budget allotted for the project.

Vocal residents of Montgomery Place argued that the turbine would be an eye-sore in the historic area and that noise generated by the turbine would be troublesome to those living in the area.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Montgomery residents say no to proposed apartment buildings in their area

Norm Fisher — Sat, 07 Jan 2012 16:33:50 +0000

Residents of Saskatoon’s Montgomery Place area are rattled at the thought of apartment buildings in their area, one of the few neighbourhoods in the city that is comprised entirely of single-family dwellings.North Ridge Developments, which owns an 18 acre parcel on 11th Street East is seeking approval to build three four-storey rental apartments with a total of 192 units on five acres of that land. The remaining 13 acres could be developed if an appropriate level of demand exists. The current bylaw allows for this type of construction, and has since 1979, but a designation added in the ‘90’s requires developers to show that the existing infrastructure is adequate to accommodate new development. Residents of the area feel that a potential doubling of the population in the historic area would lead to traffic congestion and over-populated schools.

Montgomery residents seem to be feeling a bit “under siege,” according to a recent story in the Star Phoenix. Other recent concerns include a proposed 120-metre wind turbine which would be erected at the landfill, the development of Circle Drive South, and the plan to relocate the city yards and the public transit headquarters, all of which will be adjacent to the area.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Zoning change keeps Westmount dance studio alive despite protests from neighbours

Norm Fisher — Tue, 06 Dec 2011 21:22:21 +0000

“The rezoning of a Westmount dance studio and karate school that split the neighbourhood was approved Monday by city council as friends and dance community members rallied behind the business.”

Read: Westmount fitness studio can dance on – Star Phoenix

Rivergreen Ecovillage fails to secure financing – developer cancels plans

Norm Fisher — Wed, 16 Mar 2011 20:13:25 +0000

David Hutton is reporting some disappointing news about the Rivergreen Ecovillage, a “green” condominium development that had been proposed for Phase 2 of River Landing. The 65-unit condo complex was to be built at the corner of 19th Street and Avenue C in Riversdale but the developer has announced the cancellation of the project after they failed to obtain adequate financing for it.

Check Dave’s blog here.

Learn more about the Riversdale area here.

Visit our Saskatoon Neighbourhood Profiles pages to learn more about what’s going on in our city’s neighbourhoods.

Norm Fisher
Royal LePage Saskatoon Real Estate

Saskatoon city council approves River Landing office building

Norm Fisher — Sat, 12 Mar 2011 15:52:03 +0000

City council has unanimously approved construction of a 71,000 square foot office building that will likely become the first private-sector development to get under way at Saskatoon’s River Landing. The five-storey office building, to be located at 475 2nd Avenue South across from the Remai Arts Centre, will include some retail space, a restaurant, a fitness centre, a “street-level patio” and a parkade that will accommodate forty-one vehicles. Construction will likely begin this summer.

Read the Star Phoenix story here.
Read the minutes on this topic from Monday’s council meeting here.

Learn more about Saskatoon’s Central Business District here.
Discover other great Saskatoon neighbourhoods here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Saskatoon Real Estate

Saskatoon’s Two Twenty comes to life with the opening of Collective Coffee

Norm Fisher — Sun, 20 Feb 2011 15:46:18 +0000

Opening day at Collective Coffee

Collective Coffee, the latest addition to the Riversdale business district opened its doors yesterday to become the first operating tenant at Saskatoon’s Two Twenty.

Located at 220 20th Street West, this charming little coffee stop immediately comes off as a fun place to be. With just four tables and a stand up bar, fifteen people feels like a party, and hey, who doesn’t want to be at a party?

We met warm and friendly people on both sides of the amazing service counter that’s constructed of salvaged pickle wood from the former vinegar factory and beautifully framed in steel strapping that was reclaimed from the old Toon’s Kitchen dumbwaiter. Darkly stained fir wall panels, steel I-beam shelving and a display of local art complete this collection of Saskatoon treasures.

Floor to ceiling windows along the south side of the shop welcome the sun for a good part of the day and the overhead door will provide a great connection to additional sidewalk seating for at least half of the year.

Naturally, espresso, macchiato, cappuccino, latte, coffee and tea are all on the menu and were served up by a couple of baristas who actually seem to understand that a warm smile is the perfect compliment to a hot coffee. An impressive offering of baked goods from breakfast cookies to pumpkin and chocolate chip bread was also available.

Overall, Collective Coffee is a pretty cool addition to the Riversdale neighbourhood. Take a few minutes to check it next time you’re in the area or downtown.

Learn more about Collective Coffee and The Two Twenty here.
Learn more about the Riversdale neighborhood here.

Visit our Saskatoon Neighbourhood Profiles pages to learn more about what’s going on in our city’s neighbourhoods.

Norm Fisher
Royal LePage Saskatoon Real Estate

School enrollment continues to decline in Silverwood Heights

Norm Fisher — Sat, 05 Feb 2011 17:13:53 +0000

Declining enrollment at four Silverwood Heights elementary schools is a normal course in a neighbourhood’s development and maturation according to Ward 5 councillor Randy Donauer who represents the area on city council and also lives in the area.

This Global News report examines the causes behind declining enrollment.

Learn more about the Silverwood Heights area here.
Visit our Saskatoon Neighbourhoods pages for a detailed look at all Saskatoon residential areas.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Art Gallery of Saskatchewan “rock solid” for River Landing

Norm Fisher — Thu, 20 Jan 2011 13:22:23 +0000

City manager Murray Totland says the proposed $50-million Art Gallery of Saskatchewan is now “rock solid” with all funding agreements between Saskatoon and the provincial and federal governments completed. Announced two-years ago, the art gallery is still in the design stage but construction should begin as early as 2012. The gallery will be built next to the Persephone Theatre at River Landing in Saskatoon’s Central Business District.

As it opens, the Mendel Art Gallery will cease to operate at its City Park location where it has been since 1964. A wing within the new gallery will serve as a tribute to Saskatoon’s first gallery and the Mendel family whose generous financial contributions made it possible. A planning process for renewal of the Mendel site and Kinsmen Park is underway.

Neighbourhood renewal is a difficult process and perception is a big part of the battle

Norm Fisher — Thu, 06 Jan 2011 18:02:50 +0000

Curtis Olson wrote an excellent post called “It’s good in the hood,” on the Saskatoon Speaks blog. He talks about the renewal that’s occurring in the Riversdale area and how the area is changing as new people move in.

This kind of renewal is hard and it takes a long time but new development in South Caswell Hill and at River Landing could certainly bring lots of positive change to the relatively small residential neighbourhood that enjoys a wonderful location along the edge of the river and the Central Business District. There certainly seems to be a committed group of thoughtful and progressive people leading the charge for change.

The discussion and debate that follows is particularly interesting. Clearly, fear is a major factor, at least for those who are outside looking in. Finding ways to address those fears would be a major step forward.

Check his post out here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Major grocer plans to open shop in Stonebridge area of Saskatoon

Norm Fisher — Thu, 09 Dec 2010 12:19:19 +0000

City council approved a rezoning application from the Saskatoon Co-operative Association Monday that will allow for construction of a 30,000 square foot grocery store to be located to the south of the existing Co-op convenience store and gas station at Stonebridge Boulevard and Clarence Avenue. The major Saskatoon grocer will undoubtedly be welcome in the quickly growing Stonebridge area and should be able to attract customers from the Willows and number of other residential areas located just north of Highway 11.

Construction on the new grocery store could begin as early as the spring of 2011 and wrap up before the end of the year if all goes well. The store will ultimately employ 80-100 people according to Grant Wicks, general manager of Saskatoon Co-op.

Learn more about the Stonebridge area of Saskatoon here.
View homes for sale in Stonebridge from all real estate brands here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Saskatoon Real Estate

Schools for Arbor Creek area are officially off the agenda

Norm Fisher — Thu, 09 Dec 2010 02:01:47 +0000

Saskatoon’s public and Catholic school boards both passed resolutions this week to officially remove the pursuit of elementary schools for the Arbor Creek area from their agendas. The respective moves practically end all speculation as to whether or not schools in the area would ever be a priority.

The writing has been on the wall since 2007 when both school boards shifted their future focus from Arbor Creek to the quickly developing neighbourhood to the northeast, Willowgrove, which will ultimately be a more densely developed area with a higher population of elementary school aged children.

In October, Dundee Realty Corp., developer of Arbor Creek and owner of the 8-acres of land set aside for schools began the process of rezoning the land for residential use. According to a story in today’s Star Phoenix, “A letter to the Catholic school board says Dundee’s plan is to develop 45 single-family lots. The two sites under redevelopment are separated by Arbor Creek Park off Horlick Crescent and Wright Crescent.”

Most children living in Arbor Creek attend school in nearby Erindale.

Read more from the Star Phoenix here.
Learn more about the Arbor Creek area here.
View homes for sale in Arbor Creek here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Saskatoon Real Estate

Plan to beautify 25th Street entrance to downtown Saskatoon approved

Norm Fisher — Thu, 02 Dec 2010 21:40:43 +0000

Concept drawing of proposed 25th Street beautification - Click for larger image

A $3.7 million plan to beautify the 25^th Street entrance to Saskatoon’s Central Business District has been approved by the city’s planning and operations committee and received strong support from city councillors Tuesday.

The project, which is scheduled to take shape over two years following the extension of 25^th Street to Idylwyld Drive calls for lush landscaping including trees, hedges and flowerbeds, benches, lighting and public art exhibits.

City planner Jeanna Smith told the committee that the goal in planning was to create a distinct identity and a pedestrian friendly corridor for the 25^th Street entrance.

More from the Star Phoenix about this and other news on changes in north downtown is here.
Learn more about Saskatoon’s Central Business District here.
Interesting in living downtown? Homes for sale in the area can be found here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Saskatoon churches pledge fundraising support for inner city grocery store

Norm Fisher — Sat, 27 Nov 2010 20:34:37 +0000

A group of Saskatoon churches have pledged support to work together to assist in fundraising for the proposed “Good Food Junction,” a full service co-operative supermarket that would operate at Station 20 West, assuming that private funding goals are met and the “cluster of community services” becomes a reality. Pleasant Hill and Riversdale, two of Saskatoon’s poorest neighbourhoods have been without a grocery store for more than a decade. The low-income residents in these communities already face mobility challenges making it difficult to seek services in other areas.

$650,000 is needed to fund equipment for the store and church leaders from a number of Christian denominations have pledged to promote the cause leading up to the Christmas season.

More details from CBC here.
More from the Star Phoenix here.

Norm Fisher
Royal LePage Saskatoon Real Estate

New childcare centre opens at Brevoort Park School

Norm Fisher — Fri, 26 Nov 2010 22:29:19 +0000

A new childcare centre outfitted to care for up to 55 children opened today at Brevoort Park School. The government of Saskatchewan funded the project providing $440,000 to complete the facility, which will be operated by the Parents’ Child Development Cooperative.

More information, including fees can be found here.

Learn more about the Brevoort Park area.

Council approves land purchase to relocate bus barns & city yards

Norm Fisher — Tue, 23 Nov 2010 01:00:55 +0000

Saskatoon city council has just approved the purchase of 180 acres of land that will serve as a new location for the Saskatoon Transit Service bus barns, the public works department and the city yards, according to Sean Shaw who is live blogging from tonight’s council meeting.

The parcel is located west of the Saskatoon landfill, south of Montgomery Place and north of Valley Road. The location may have once been considered impractical, but when completed, the new Circle Drive South bridge will provide easy access to the east side of the city for buses and snow plows.

The relocation of the public works department and the city yards will free up twenty-four acres of prime land in north downtown. A new home for the bus barns was the next major step in moving the South Caswell Concept Plan forward. The plan calls for the redevelopment of two whole city blocks including a number of affordable housing initiatives, some commercial space, a dog park of approximately 8,000 square feet and a 65,000 square foot neighbourhood park space. This move will come as great news to Caswell Hill residents who have had to deal with the noise and the smell of the public transportation facility for years.

View MLS® listings in Caswell Hill.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Saskatoon Real Estate

Christie’s Il Secondo a wonderful addition to Broadway Avenue

Norm Fisher — Sun, 21 Nov 2010 17:40:15 +0000

The owners of Christie’s Mayfair Bakery opened their second store early this month at 802C Broadway Avenue and it appears to be a big hit already. It’s no wonder, really, given Christie’s longtime reputation in Saskatoon for quality and value. This store, Christie’s Il Secondo, serves as an outlet for goods produced at the 33^rd Street bakery and it also brings another excellent coffee and lunch bar to the Nutana area. A simple menu, presented on chalkboards, offers a selection of about a half dozen Panini bread sandwiches and six or seven authentic Italian pizzas, cooked on location in a wood fired oven.

My wife I made our first visit to Christie’s Il Secondo on Saturday afternoon. When we arrived at about 2:30 p.m. all of about three dozen seats in the place were full. Fortunately, by the time we reached the walk-up counter to place our order a table for two had opened up for us. We shared a Shevchenko sandwich (chicken and vegetables on toasted Panini) and a Margherita Pizza, both of which were excellent. With two cups of fresh brewed coffee, the total tab was twenty-eight bucks, a price that struck us as reasonable.

Christie’s Il Secondo is a perfect fit for the Broadway business district.

Check Craig Silliphant’s review of Christie’s Il Seconda for Planet S here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Kinsmen Park and Mendel Art Gallery site targeted for renewal

Norm Fisher — Tue, 16 Nov 2010 13:01:23 +0000

Saskatoon’s largest park, together with the sites of the Mendel Art Gallery, Shakespeare on the Saskatchewan and the Shearwater boat tour docks are the target of a massive renewal project and the city of Saskatoon is ready to begin a two-year planning process to ensure that the public amenities best meet the future needs of the community. Attendance at Kinsmen Park has declined forty percent in recent years. A $5 million dollar sponsorship agreement with Potash Corp. of Saskatchewan provides funding for a needed renewal that will link the four City Park area amenities under one concept plan.

The $170,000 planning process was approved Monday by the city’s executive committee. Assuming that $100,000 in funding from next year’s budget is approved in December, the planning process for a transformation can begin immediately with the hiring of a consultant and a public call for ideas for the Mendel Art Gallery site that will become vacant when the Art Gallery of Saskatchewan opens in late 2014 at River Landing.

Checking in on the progress in revitalizing downtown Saskatoon

Norm Fisher — Sat, 13 Nov 2010 17:35:49 +0000

In its last major plan for downtown Saskatoon, the city set a goal to increase the population of residents in the city centre to 10,000 by 2,025. The past few years have seen the development of roughly 450 housing units across several condominium projects but growth is sluggish and falling short of meeting objectives. Could all of that change as River Landing Village finds a firm footing? What else needs to change in the short term to achieve that long-term goal?

Star Phoenix writer, David Hutton examines recent wins and the ongoing challenges in the revitalization of downtown Saskatoon in “Density in the downtown.”

Read it here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Saskatoon Real Estate

Sod turning ceremony for new senior’s apartment in Pleasant Hill

Norm Fisher — Tue, 09 Nov 2010 21:34:16 +0000

Officials from the federal and provincial governments joined in at a sod turning ceremony today to officially launch the $14 million Columbian Place, a 75-unit apartment building to be constructed on 20th Street West, between Avenue N and Avenue O in Pleasant Hill. When completed, it will open 40 two-bedroom units and 35 one-bedroom homes.

The building is will be an “affordable housing” project built with senior residents in mind. It’s expected to be completed as early as the spring of 2012.

Both levels of government contributed to funding the project run by the Knights of Columbus and K.C. Charities.

Lawson Heights Civic Centre in Saskatoon adds solar panels to heat pool

Norm Fisher — Fri, 05 Nov 2010 18:34:06 +0000

The installation of ninety solar panels that will be used as a supplemental heating source for the public indoor pool at the Lawson Heights Civic Centre in Saskatoon began today. They’re expected to be operational by mid-December and will provide roughly twenty-five percent of the energy required to heat the pool at the civic facility.

Partial funding for the project was provided by the Provincial and Federal governments with the balance paid through a loan to Saskatoon that will be retired over eleven years using money saved through reduced energy consumption. The new panels also reduce greenhouse gas emissions by roughly 111 tonnes per year.

Once the Lawson Heights project is complete, the city of Saskatoon plans to begin a similar project at the Harry Bailey Aquatic Centre.
The installation of ninety solar panels that will be used as a supplemental heating source for the public indoor pool at the Lawson Heights Civic Centre in Saskatoon began today. They’re expected to be operational by mid-December and will provide roughly twenty-five percent of the energy required to heat the pool at the civic facility.

Once the Lawson Heights project is complete, the city of Saskatoon plans to begin a similar project at the Harry Bailey Aquatic Centre.

New estate-style development planned for Saskatoon area

Norm Fisher — Thu, 04 Nov 2010 16:16:50 +0000

Saskatoon developer Gary Gaudet is planning an “estate-style” residential development that would see the Greenbryre Golf & Country Club reduced to a nine-hole course to make way for 143 half-acre lots that are practically at the city’s southeast edge.

While the plan still needs a stamp of approval from the RM of Corman Park, it’s expected to be forthcoming. The RM recently changed a bylaw that prohibited residential and commercial developments within 1.6 kilometers of Saskatoon city limits.

According to Gaudet, “close to 500 people have expressed an interest in buying a lot” so he’s feeling pretty confident that there’s a market for the parcels which have not yet been priced but are expected to be “around $250,000.”

More on this story from the Star Phoenix here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

River Landing Village will proceed without Lake Placid

Norm Fisher — Tue, 02 Nov 2010 00:33:51 +0000

River Landing Village appears to have taken one large, perhaps unexpected step forward today as project investors met the city’s deadline to provide proof that financing is in place to complete the first phase of development of the $200 million dollar hotel and condominium project proposed for Parcel Y in the south downtown area.

The larger surprise may have been the announcement that River Landing Village will proceed without Lake Placid Developments and its CEO Michael Lobsinger who originally brought the proposal forward and twice purchased the land from the city. After defaulting on deadlines in deal number one and losing his hold on the parcel Lobsinger struck a partnership with local businessman Kay Nasser who owns Victory Major Investments and managed to secure the land a second time, subject to financing approval. Instead of moving forward together, Nasser “bought out Michael Lobsinger and Lake Placid,” according to the story on the Star Phoenix website, and secured financing himself.

The financing package will now go to an independent audit to ensure that the funding that has been secured is sufficient to build an underground parkade and bring the project to grade level at an estimated cost of $50-60 million. If the auditor gives it the nod Victory Major Investments will have fifteen days to complete the land purchase by delivering a cheque for the balance of the $5 million price tag.

Star Phoenix coverage of today’s announcement is here.
A timeline of the development progress and challenges by David Hutton is here.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate