The View on Fifth
Encyclopedia
The Milroy Apartments building is the fifth tallest building in Saskatoon
, Canada
and located in the Central Business District
. The building was originally constructed as rental units in 1968.
Following the approval by city council for the convention, the residents unsuccessfully tried to block the conversion in the courts. The residents withdrew their appeal, settling with the developer under the condition that some of the long-term residents would receive life-long leases at prevailing market rates.
Saskatoon
Saskatoon is a city in central Saskatchewan, Canada, on the South Saskatchewan River. Residents of the city of Saskatoon are called Saskatonians. The city is surrounded by the Rural Municipality of Corman Park No. 344....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
and located in the Central Business District
Central Business District, Saskatoon
The Central Business District is one of seven suburban development districts in Saskatoon, Saskatchewan, Canada. The central business district is Ward 6 of a Mayor-Council government represented by councillor Charlie Clark. Formerly called West Saskatoon, this area arose when the steam engines...
. The building was originally constructed as rental units in 1968.
Condo conversion controversy
In 2008, the building was sold by Kabo Developments to Viking Developments, who applied for permission from the city to convert the building into condominiums. Due to large number of senior citizen tenants that could not afford the purchase of condominium units, the conversion generated a great deal of public outcry. Due to the public outcry the developer agreed to retain ownership of 40 of the 156 units to be rented out to the existing tenants over the following four years.Following the approval by city council for the convention, the residents unsuccessfully tried to block the conversion in the courts. The residents withdrew their appeal, settling with the developer under the condition that some of the long-term residents would receive life-long leases at prevailing market rates.