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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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The Ritz-Carlton Vancouver to Become A Marriott?

Vancouver Condo Real Estate Video Blog #539 - April 27, 2010

The Ritz-Carlton Vancouver to Become A Marriott?

Ian Watt video blogs about how the one time pre-sale Ritz-Carlton Hotels & Resorts in Downtown Vancouver might be now slated to become the Marriott with a strata residential condo component as well. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

Ian Watt: Hi Good Afternoon, it's Ian Watt in Downtown Vancouver. I think you might remember a few years back. There was the Ritz-Carlton which was being marketed as a pre-sale by Rennie Resales at that time. And during the digging of the whole the excavation of the foundation they decided to pull the plug on the on a whole project. Now nobody knows really why why got pulled that time but that was the time when the economy was just tanking really bad. And I can't understand why. Now a lot of people are wondering if the Ritz-Carlton is coming back so we did some digging around and what we found and this is not confirm so I don't want any lawyers sending me letters. I'm just saying what we found out that they are going to go ahead and build a strata residential plus hotel place in the same unit but its not gonna be the Ritz-Carlton. It looks like its going to be a Marriott. So the panache is a little bit lost on a Marriott but nonetheless I'm sure its going to be a fantastic development and that little area were in desperate need to see a building there because it has been a pit in that one little area of Georgia Street ever since I was a child I can't even remember what was there before but it was a building that had been half built and then they dug a hole is a big boyd in the street right now. Right across from the Shangri-la they desperately need something beautiful there and it doesn't even matter if its not the Ritz if its the Marriott fantastic! My name is Ian Watt and if you have any information that you can share on this development with me. you can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!