Saskatoon New Development

More development means more demand for Saskatoon real estate-both commercial real estate in Saskatoon and residential real estate in Saskatoon. With the number of ongoing projects indicates that there are about 5000 man years of employment created with projects already started at the University of Saskatchewan and another 10,000 man years to be created with construction planned in the next 5 years.

The new Circle Drive project in Saskatoon (which Saskatoon realtors will love once completed!)is creating between 2000 and 2500 man years of employment, River Landing in Saskatoon is creating approximatley 4000 and the Jansen mine will create at least 8000 man hours of direct employment (20,000 in spin offs) and another 1000 a year for on going operations.

Whatever happens with PCS and BHP Billiton the Jansen mine will go ahead. It won’t be until the year 2026 that the mine will be at full production of 10 million tons a year. The mine is located 140 km east of Saskatoon. What a boost to Saskatchewan!

Other new development is the new eco centre building at the Saskatoon Farmer’s Market for $30M which will consist of 64 apartment unit/education centre combined with commercial space.

Families in need of Saskatoon homes also welcome a new low-income housing complex next to the Light House on 20th Street which will offer 65 units of low income housing in Saskatoon.

To supply the new potash mine at Jansen a new South East water supply system is going in to the tune of $100 Million.

For years we have been wondering what is going in across from TCU Auditorium (Centennial) and you can slowly see progress on the new Holiday Inn Saskatoon. Pacific Avenue is seeing further development with a new office tower, these two projects are costing $35 Million and $8 Million respectively.

Plans have been approved for a new location for the bus barns, to be moved from Caswell Hill. This will run the $20 Million mark but should improve the Caswell Hill location for residents.

The largest new development announced is Bethany Manor, a long term/seniors health facility in Saskatoon. This is to cose $120 Million and will be located on the corner of Pinehouse and La Ronge Road. It is the current site of the Lawson Heights tennis courts and skateboard park. This park will be moved to a new location between Henk Ruys Soccer Centre and the recycle depot on Primrose. Phase one will consist of 160 senior suites, 124 in phase 2 and a 150 suite health care facility in phase 2.

Knights of Columbus Saskatoon is also opening an affordable seniors housing complex in Saskatoon with 72 units and it will be near 20th and Ave P. This will be in the $8 Million range.

We have another new gas station in Saskatoon with a Co-Op Gas Bar going in at 51st and Millar Avenue for $3.3 Million.

As a realtor in Saskatoon it is great to see that Saskatoon is continually expanding. We are fortunate in this economy to keep pushing forward.

Kari Calder
Century 21 Conexus Saskatoon
653-8222

This entry was posted on 7. September 2010 at 18:09 and is filed under Saskatchewan, Saskatchewan News, Environment, Saskatoon News, Saskatchewan Real Estate, Saskatoon, News, Saskatoon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.