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 siteJune 2007 - Lake Placid Investments led by CEO Michael E Lobsinger expresses an interest in submits bid for the River Landing Village complexSeptember 2007 - The Lake Placid bid is the only one submitted for the $ 4.8 Million Canadian parcelJanuary 2008 - The Sale if approved by the citySeptember 2008 - Plans are approved by the city and the Meewasin Valley AuthorityJanuary 2009 - Lake Placid misses the payment deadline on the parcel, an extension is givenAugust 2009 - Lake Placid misses the payment deadline on the parcel, an extension is givenOctober 31, 2009 - Lake Placid misses the payment deadline on the parcel and forfeits the depositNovember 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 councilApril 2010 - City reappraises the land at $11 millionJune 2010 - The city enters into an agreement to sell the property for $5.2 MillionNovember 2010 - Victory Majors Investments buys out Lake Placid's interest in the projectAugust 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 tower10 story hotel tower (including two restaurants, and banquet/multi-purpose space)17 story office towershared partially underground parkade with 620 stalls5,000 square feet (460 m2) of retail split between the various buildings in the complexplaza with large tree and water featureOnce completed, residential tower will become tallest in Saskatoon, and possibly the province.