River Landing Village is a mixed-use developed proposed for Saskatoon, Saskatchewan, Canada. It is being built by Victory Majors Investments Corp.
The site (called parcel Y) is part of River Landing Phase 1, an initiative by the City of Saskatoon to redevelop the south downtown region along the South Saskatchewan River.
The tender process for the site was complex, and underwent the following delay:
March 2007 - Remai Ventures pulls out of plan to build a destination hotel and spa on the site
June 2007 - Lake Placid Investments led by CEO Michael E Lobsinger expresses an interest in submits bid for the River Landing Village complex
September 2007 - The Lake Placid bid is the only one submitted for the $ 4.8 Million Canadian parcel
January 2008 - The Sale if approved by the city
September 2008 - Plans are approved by the city and the Meewasin Valley Authority
January 2009 - Lake Placid misses the payment deadline on the parcel, an extension is given
August 2009 - Lake Placid misses the payment deadline on the parcel, an extension is given
October 31, 2009 - Lake Placid misses the payment deadline on the parcel and forfeits the deposit
November 2009 - Lake Placid asks for an extension,
March 2010 - Lake Placid and Victory Majors Investments led by Karim Nasser, approach the city to try and resurrect the project with Marriott Hotels attending the presentation to council
April 2010 - City reappraises the land at $11 million
June 2010 - The city enters into an agreement to sell the property for $5.2 Million
November 2010 - Victory Majors Investments buys out Lake Placid's interest in the project
August 12, 2011 - Victory Majors proposes a major overhaul to original design to include a 27 story residential tower, a 17 story office tower, and a 10 story hotel tower.
The proposed complex would consists of:
27 story residential tower
10 story hotel tower (including two restaurants, and banquet/multi-purpose space)
17 story office tower
shared partially underground parkade with 620 stalls
5,000 square feet (460 m2) of retail split between the various buildings in the complex
plaza with large tree and water feature
Once completed, residential tower will become tallest in Saskatoon, and possibly the province.
