Jason Blanchette Service you deserve.

1.250.739.3003
Blogs
Posts By Date
Categories

Council has unanimously OK'd a development permit for a downtown hotel development said to be worth $50 million.

Mayor John Ruttan and city councillors also voted to approve a 10-year tax exemption for the project, which could break ground as early as spring.

The project was brought forward by SSS Manhao International Tourism Group, a subsidiary of Suzhou Youth Travel Services Co. Ltd., a major Chinese tourism and travel company. The developer has said the 21-storey, 240-room luxury development would be a landing pad for 70,000 tourists a year visiting Nanaimo and Vancouver Island.

The building will have a restaurant on the top floor overlooking the Nanaimo harbour, and would be right next to the Vancouver Island Conference Centre. It would be connected to the VICC through an overhead walkway.

The development will be built on a vacant, city-owned site at 100 Gordon St.

What are your thoughts on this new development?

The mayor noted that the developer has agreed to purchase the site for $565,000. He acknowledged that the city's offer of a 10-year tax exemption - a policy applicable for all hotel projects valued at $2 million or more - has drawn the ire of some city ratepayers. However, the property is currently tax exempt and "hasn't brought a dime" into city coffers, Ruttan added.

The project also has the backing of the Nanaimo Economic Development Corporation and the Greater Nanaimo Chamber of Commerce.

The hotel will be designed to resemble the bow of a ship surrounded by water, said Coun. Diana Johnstone, who saw drawings of the project during the design advisory panel phase. She described the concept as "magnificently beautiful." There are sill a few more details that must be ironed out between the city and SSS Manhao,

including a non-exclusive parking agreement for car spaces in the VICC parkade, plus a 'right of first negotiation' agreement to allow the developer the option of mounting a bid to run the conference centre.

- See more at: http://www.nanaimodailynews.com/business/hotel-development-gets-go-ahead-1.652348#sthash.Qu88ZQ9B.dpuf

Read full post
Categories:   #103 | #103 Real Estate | #115 Real Estate | #13 Real Estate | #2 Real Estate | #20 Real Estate | #202 Real Estate | #315 Real Estate | #4201 | #4201 Real Estate | #43 Real Estate | #72 Real Estate | 10 Protection Island (Zone 4), Zone 10 - Islands Real Estate | 108B Real Estate | Cedar by the Sea, Cedar (Cranberry) Nanaimo Vancouver Island/Smaller Islands British Columbia Real Estate | Cedar by the Sea, Cedar Real Estate | Central NanaimoANanaimoAVancouve | Central Nanaimo Nanaimo Vancouver Island/Smaller Islands British Columbia | Central Nanaimo, Nanaimo | Central, Nanaimo Real Estate | Chase River, Nanaimo | Chase River, Nanaimo Real Estate | Chase River, South Nanaimo | Cilaire, Departure Bay | Coombs, Parksville/Qualicum | Deerwood estates, Jinglepot Real Estate | Departure Bay, Nanaimo Real Estate | Hammond Bay, North NanaimoANanaimoAVancouver | Hammond Bay, Zone 4 - Nanaimo Real Estate | LANTZVILLE Real Estate | Lower Lantzville, Lantzville Real Estate | Lower Lantzville, Nanaimo | Nanaimo | NANAIMO Real Estate | North Nanaimo, Nanaimo | North Nanaimo, Nanaimo Real Estate | Old CityANanaimoAVancouver Islan | Old City, Nanaimo | Parksville Parksville/Qualicum Vancouver Island/Smaller Islands British Columbia | Pleasant Valley, North Nanaimo Real Estate | Pleasant valley, SOLD Real Estate | PORT ALBERNI Real Estate | SALTAIR Real Estate | SOLD Real Estate | South Nanaimo, Nanaimo | University District, Nanaimo Real Estate | University District, South Nanaimo Real Estate | Z3 East Duncan, Zone 3 - Duncan Real Estate | Z3 Ladysmith, Zone 3 - Cowichan Valley Real Estate | Z3 Ladysmith, Zone 3 - Duncan Real Estate | Z4 Cedar, Zone 4 - Nanaimo Real Estate | Z4 Central Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 Departure Bay, Zone 4 - Nanaimo Real Estate | Z4 Diver Lake, Zone 4 - Nanaimo Real Estate | Z4 Extension, Zone 4 - Nanaimo Real Estate | Z4 Hammond Bay, Zone 4 - Nanaimo Real Estate | Z4 North Jingle Pot, Zone 4 - Nanaimo Real Estate | Z4 North Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 Old City, Zone 4 - Nanaimo Real Estate | Z4 Pleasant Valley, Zone 4 - Nanaimo Real Estate | Z4 South Jingle Pot, Zone 4 - Nanaimo Real Estate | Z4 South Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 University District, Zone 4 - Nanaimo Real Estate | Z4 Upper Lantzville, Zone 4 - Nanaimo Real Estate | Z5 Nanoose, Zone 5 - Parksville/Qualicum Real Estate | Z5 Parksville, Zone 5 - Parksville/Qualicum Real Estate