REGINA – The Capital Pointe construction project is finally expected to begin after a nearly six year delay.
Fortress Real Developments announced Tuesday that construction would begin next week on the empty corner of Albert Street and Victoria Avenue.
The site has been sitting empty since 2011 when the old Plains Hotel building was torn down.
Despite many snags including permit problems, new owners, and design changes, developers assure investors they’re ready for work to get underway.
“It’s unfortunate. I mean this kind of development is a very detailed project that takes a lot of work,” said the project’s development director, Greg Black . “I’ve said it before, we have to get all the details correct before we can start. We’re now been able to do that.”
There is also a lot of confidence in the new construction and drilling companies brought on board to deliver. Nick Baldwin with Doublestar Drilling said they expect minimal impact to downtown residents.
“All of our work done on site will be done on the footprint of the project here, nothing really is off site,” he added.
The 27 floor condo project is expected to take 32 months to complete and should be ready for 2018. That’s around five years later then the original completion date of 2013.
Similar announcements have been made in the past but developers say people will see proof when equipment starts work next week.