The Vortex:

https://www.merchanthousecapital.com/ssi-vortex

MORE: https://www.oceanestuaryresort.com/

Oh yeah, and we wait and wait and wait… remember it’s taking over a year to get approval for three sea cans.

Bye bye.....

Victoria Press Building placed under receivership in 2025 - Victoria Times Colonist

Victoria Press Building placed in receivership, with company debt over $42M

https://cheknews.ca/victoria-press-building-placed-in-receivership-with-company-debt-over-42m-1286977/

Seems ready to go as a community centre, fitness centre, and/or educational/institutional space. And meanwhile we see news stories all the time about desperate shortages in that regard. True or false?

Build two Hudson-style towers on the property and make it all work as a definitive kind of neighbourhood place.

New construction behind the Scott Building should have been more substantial.

Prime parking lots and under-developed sites are all around.

Big redevelopment is coming to Blanshard Courts.

That area was in effect "downtown north" pretty much from the beginning, but it went on pause for a few decades. Get the ball rolling all over again.

But Merchant Capital, which was behind the renovation of the Victoria Press Building in the Douglas and Bay area, formerly home of the Times Colonist, ran into financial difficulty as far back as 2023.

According to court documents, starting in April 2023, Merchant House and its associated partners committed multiple defaults, including using secured money for unauthorized purposes, relating to the Victoria Press Building project.

As of June 2025, Merchant Capital and its partners owed more than $41 million to Timbercreek Mortgage Servicing and a partner relating to the Douglas Street venture, and a receiver was appointed last fall.


https://www.timescolonist.com/local-news/blanshard-site-earmarked-for-hotel-listed-in-court-ordered-sale-12115868