River Landing Village one step closer to reality as zoning changes pass

Zoning changes proposed by Victory Majors Investments that make River Landing Village “economical” were approved by Saskatoon city council at their November 22^nd meeting. The Meewasin Valley Authority(MVA) followed with their approval on Friday, paving the way for a potential spring of 2012 ground breaking.

Victory Major Investments took over the project from Lake Placid Developmentslast year when the developer failed to secure adequate financing. Initially, Victory promised quick action on getting the project started but later petitioned the city for changes to the previously approved project.

The approved changes have the potential building height increasing to 95 meters, from 68 meters, commercial space increasing from 30% to 40% and the allowable floor space increasing by as much as 50 percent.

The MVA is a conservation organization dedicated to conserving the natural and cultural heritage resources of the South Saskatchewan River Valley in Saskatoon. As such, all of the development at River Landing in Saskatoon’s Central Business Districtmust meet their approval.

Read: Zoning changes approved for River Landing project.

Read: MVA greenlights art gallery, Nasar Magaproject in River Landing.

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Norm Fisher
Royal LePage Vidorra