REGINA – It looks like the wheels are finally rolling on the much-anticipated $70-million high-rise luxury condo and hotel complex planned for Regina’s downtown core.
The developers behind the frequently-delayed Capital Pointe project presented their new design to the city’s planning commission on Wednesday, before receiving their second development permit.
Their first expired before they even got shovels into the ground.
Changes in the plan include the addition of 54 new units, plus two more floors in the hotel.
“Well I think there is no question it’s really going to happen,” said Project Development Director Greg Black. “Since Augustine has come into the picture within the last eight months you have seen a significant amount of progress in the project. There would be no reason for us to continue to invest money in a project if we weren’t planning to the point of construction.”
The Augustine Group took over the project earlier this year.
Excavation is expected to begin this spring, and the developers will submit a building permit next summer.