Article content

Amid the doom and gloom surrounding Saskatoon’s high downtown office vacancy rate, the developers behind a three-tower hotel-condominium-office development on Parcel Y at River Landing are ready to begin construction on the first of two office towers this summer.

The 13-storey, 185,000-square-foot tower would offer a riverfront location like no other in the city. Construction has already begun on the prime site of the hotel and condo tower.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Builders prepare to alter Saskatoon skyline with Parcel Y office tower Back to video

Blair Sinclair, manager of the project for Triovest Reality Advisers Inc., said the consortium behind the development plans to submit permits next week to begin excavation on the east side of the site.

“Obviously, we’re building for the future and we believe there are clear signs that the Saskatchewan economy is improving,” Sinclair said in an interview.

He said the consortium has received enough lease commitments to proceed and the project has secured an “anchor tenant,” but would not identify the corporation. He also declined to disclose how many entities have committed to leases, saying only that there are enough to support the investment in the project.