River Landing Acquisition
Triovest is pleased to announce the acquisition of River Landing, a 2.84 acre site located in the South Downtown District of Saskatoon, on behalf of clients of Greystone Managed Investments Inc. Triovest will act as Development and Leasing Manager for the project. The development plan involves construction of a mixed-use site, including the recently announced Alt Hotel by Group Germain Hotels.
In addition to the Alt Hotel, the site will feature a unique condominium development, as well as two properties housing a mix of office and commercial space. The location of River Landing fronts the South Saskatchewan River and is the premier development site in Saskatoon.
Construction of the hotel will start in 2016 and the commencement of the first of two office towers is dependent upon pre-leasing commitments.
This development represents a substantial social, cultural and commercial enhancement to the River Landing area of Saskatoon. The riverfront district features attractive parks, pathways, amenities, residential developments, businesses, retail stores, restaurants and markets.