Urban Capital and Victory Majors to develop “No. 1 River Landing”, the residential component of River Landing Parcel YY in downtown Saskatoon

For Immediate Release

Saskatoon, SK – Toronto-based Urban Capital is joining with Saskatoon-based Victory Majors Investments Corp to develop “No. 1 River Landing”, a 16 storey, approximately 125 unit condominium development that will be the residential component of River Landing’sParcel YY site, currently being developed into a large-scale office, hotel and condominium complex by Triovest on behalf of Regina-based Greystone Managed Investments Inc. and Victory Majors. 

“No. 1 River Landing continues our plan to bring sophisticated, high-design condominium developments to new Canadian markets,” says Doug McKay, Director of Western Canada Development at Urban Capital. “We are very excited to be partnering with the Nasser family in what is truly a spectacular location for a residential condominium building.”

River Landing’s residential component will be built adjacent to the Alt Hotel, on the southern portion of the site. With a clean, modern design, it will offer unrivalled views of the South Saskatchewan River together withUrban Capital’s “urban chic” aesthetic,including huge floor-to-ceiling windows, engineered hardwood floors, exposed concrete ceilings and columns, European style kitchens and creative, flexible layouts. 

 “We are thrilled to welcome Urban Capital onto our River Landing team. Together with the Germain family from Quebec City and our own team in Calgary and here in Saskatoon, we are creating a new, vibrant mixed-use community in the heart of downtown Saskatoon,” says Blair Sinclair,Executive Vice President at Triovest.

No. 1 River Landing is being designed by Montreal-based LemayMichaud, the architects behind the adjacent Alt Hotel, together with aodbt architects from Saskatoon. This will ensure a seamless architectural vision for the two buildings.

Construction of No. 1 River Landing will be managed by BockstaelConstruction, Urban Capital’s construction manager for its “Glasshouse” development in Winnipeg. Involving firms from Toronto, Montreal,Winnipeg and Saskatoon, No. 1 River Landing brings talents from across the country to this important location. 

Condominium sales will be launched in early Fall of 2016. Construction of the condominium building is anticipated to commence in the summer of 2017, with final completion in early 2019.

About Urban Capital

With over 5,500 condominiums developed or under development since 1996, valued at close to $2 billion, Urban Capital has become widely recognized as a trailblazer and innovator in the Canadian marketplace, pushing the envelope in terms of architectural and interior design, environmental sustainability, and commitment to cities. To date Toronto, Ottawa, Montreal, Winnipeg and Halifax have all benefited from the company’s high standards and visionary approach to development, development that not only offers design-focused living concepts, but also typically sets a trend that results in flourishing new neighbourhoods.

> For more information see urbancapital.ca

About Victory Majors

Victory Majors Investments Corporation (VMIC)began its operations over 50 years ago under the name Victory Construction Ltd. Over its history, Victory Construction Ltd. had built and developed numerous real estate projects and acquired many more to create a sizeable and diversified real estate portfolio. Operating with a philosophy of steady growth, the company has evolved over the years to become a fixture in the real estate industry on the Prairies.