No. 1 River Landing Sales Centre opens to enthusiastic crowds who were ready to buy

Update: And buy they did. Through a brief exchange with Dan Zakreski at CBC News, I learned that Dan had spoken with John Nasser this morning (November 21) and Mr. Nasser confirmed that a buyer had stepped forward for each of the 105 units they plan to build. Mind. Blown.

Nearly a decade after Remai Ventures put the brakes on plans to build a hotel on Parcel Y in Saskatoon, the No.1 River Landing sales centre opened last week to enthusiastic crowds eager to get a first peek at the project which finally seems poised for take off.

The sales and marketing effort began on Thursday, November 17 with a “Friends and Family Night” where a favoured few were given the first crack at reserving a unit in the 16 storey condominium complex that will, if all goes according to plan, be greeting its first occupants by May of 2019.

This initial launch was followed up with a REALTOR® and Client opening on Friday. By the time we arrived around 3:30 the place was packed wall to wall and the attending agents were suggesting that as many as 50 units were already spoken for, including the two penthouse suites each valued at more than $1-million dollars, and all of the largest corner units at the south side of the building. Meanwhile, dozens of prospective buyers held a place in line to see if their chosen plan was still available, and what the final price might be. The project will consist of 105 condominiums, the majority between 476 and 1152 square feet in size.

The sales centre opened to the public on Saturday and Sunday for “by appointment only” presentations. According to a representative of the project, more than 600 people had registered for these early opportunities.

It seems that the long wait for action on this site has finally come to an end and that No.1 River Landing shall soon be gracing the river’s edge, most likely fully occupied. In fact, the chatter on twitter suggests they’ve already sold out.

I mean, what took so long?

 

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Billboard at the River Landing site.

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A conceptual model of No. 1 River landing available at the sales centre.

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Crowds stand in line to see if their chosen floor plan is still available.

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Displays of 13 floor plans available at No. 1 River Landing.

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The living room on plan C2 which is constructed in the sales centre to demonstrate the floor plan and finishes.

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The master bedroom on plan C2 which is constructed in the sales centre to demonstrate the floor plan and finishes.

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The kitchen on plan C2 which is constructed in the sales centre to demonstrate the floor plan and finishes.

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The bathroom on plan C2 which is constructed in the sales centre to demonstrate the floor plan and finishes.

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 Vidorra

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Groundbreaking ceremony at Parcel Y brings an end to a decade long wait for River Landing development

It’s been more than ten years since Saskatoon city council approved Remai Ventures proposed plan to build a 200 room hotel and spa at Parcel Y. At that time, the projected cost to develop the improvements was estimated to be $40 million dollars. That parcel of land, a jewel on the banks of Saskatoon’s River Landing, would change hands twice and suffer numerous setbacks and delays. This past Wednesday, a groundbreaking ceremony got underway and the current landowner, Victory Majors Development Corp. announced that the first phase of the development which will include a 15-storey Alt Hotel and a 20-storey office tower will get underway in three to four weeks, as soon as regulatory approval is received. It’s expected to be complete within 14-20 months. Subsequent phases include two additional office towers and will commence when sufficient demand warrants their construction. The total cost of the project is now estimated to be $300 million.

More from the Saskatoon 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.

Norm Fisher
Royal LePage Vidorra

Receive a weekly digest of our blog posts

Curious about home values in your area? Receive a free report that includes sale prices of recently sold homes, average days on the market and average discounts.

 

 

Saskatoon neighbourhood cleans up its image: Globe and Mail

Here’s an interesting story about Riversdale that ran in today’s Globe and Mail.

“Riversdale’s 20th Street West has been the area’s commercial corridor for more than a century. Despite its early decades as a thriving community, Riversdale started to slide into a period of property neglect, poverty, crime and substance abuse during the 1960s. So notorious had the area become that, in the early 1990s, the Saskatoon StarPhoenix accompanied its newspaper reports with a specially designed “Violence on 20th” logo bordered by two switchblades.”

Read the whole story here.

New and improved neighbourhood pages for TeamFisher.com

The Neighbourhoods section of our website has served tens of thousand of visitors over the years in selecting a Saskatoon area to settle their family in, and it remains one of the most used areas of the site. It’s been a few years since those pages have had a significant overhaul. In an attempt to give them a fresh, new look, and to add some useful functionality we’ve just put them through a pretty solid update with the addition of dynamic charts and graphs.

We’ve heard they’re hugely helpful for people who are moving to Saskatoon for the first time, and there may be some good uses for Saskatoon residents as well.

For instance, each page features a ten year price trend chart that will let you see how your area’s prices are fairing compared to Saskatoon in general.

The compilation of charts might be a nice addition to your community association’s webpage as well. If you had such a use, I’d be happy to provide the code so you could display it there to.

Anyway, please check them out here, or use the “Neighbourhoods” button on the red navigation bar.

Norm Fisher
Royal LePage Vidorra