Ritz Carlton Vancouver On Hold
News broke today that developer of the Vancouver Ritz Carlton, The Holborn Group, has halted work temporarily on its project across from the Shangrila development on West Georgia St. and Bute while a redesign of the parkade is underway. The project sales office will remain open in the interim according to the developer.
"Construction of one of Vancouver's most prestigious condominium projects has been halted, but the developer says design changes, not the international credit crisis, are behind the move. http://www.cbc.ca/canada/british-columbia/story/2008/10/21/bc-ritz-carlton.html