Saskatoon Medical Arts Building Goes Up For Sale After 60 Years
What happened
The Medical Arts Building in Saskatoon, a six-story structure built in the 1960s, is being sold for the first time in 60 years. The building, located on Spadina Crescent East, currently houses a pharmacy, an eye institute, a plastic surgeon’s office, and other health-care services. The sale is being conducted by tender and has no reserve price.
From ckom.com
Why it matters
The decision to sell was influenced by changes in the surrounding neighborhood, including recent property purchases by the Saskatoon Symphony Orchestra and proposed large-scale residential developments nearby. The building’s current services are leasing the space and are likely to remain after the sale, though the final decision rests with the buyer.
From ckom.com
Who's involved
- SaskatoonThe city where the building is located and where local redevelopment is occurring.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SaskatoonSpeculative
Local commercial real estate investment might be influenced by the sale and surrounding neighborhood redevelopment.
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The entities involved
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Saskatoon
largest city in Saskatchewan, Canada
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South Saskatchewan River
river in Alberta and Saskatchewan
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