If you’re in the market for “prime vacant land” in Regina’s downtown, the price of the former Capital Pointe site has plunged as the hole becomes increasingly shallow.
An updated listing from Cushman & Wakefiled Regina, lists 1971 Albert Street’s value at $2 million. The original listing pegged the property at $8.5 million.
No reason for the 76 per cent price drop is apparent in the property’s listing. Global News has reached out to the realtors handling the file, but neither was immediately available.
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Work filling the 5-storey deep hole that previously occupied the site is nearing completion.
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City crews will be spending the weekend replacing a fire hydrant adjacent to the former pit at the corner of Albert Street and Victoria Avenue. Northbound Alberta Street traffic can expect restrictions during that time.
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