(Source: Globe and Mail)
The Ritz-Carlton tower – and the gaping hole where the sleek tower was supposed to rise – became symbols in British Columbia of the global financial crisis that spelled the end to many developers’ dreams.
But that project, shelved in February, is back in motion. Vancouver-based Holborn Group filed a rejigged proposal this month with Vancouver city hall that calls for a slightly taller tower, with lower prices – and with the Ritz-Carlton name still possibly attached.
Read Wendy Stueck’s full article “Plans for Ritz-Carlton resurrected as market shows signs of life” in the Globe and Mail (September 14, 2009).