Rancho Santa Monica Developments, Inc.

May 03, 2009 17:40 ET

RSDV Registers a CPL on ParaYso Hotel Vancouver Property and Awaits City of Vancouver Development Services Planning Department

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2009) - Rancho Santa Monica Developments Inc. (OTCBB:RSDV) ("the Company" or "RSDV") awaits the City of Vancouver Development Services (the "City") to advise on FSR, height, parking, and further development potential for a Hotel use on 620 Seymour Street (the "Property"). Currently, the City cannot support a Hotel for the site until Engineering and TransLink have agreed as to the future of the curb side lane on Seymour Street. This decision is expected sometime after the 2010 Vancouver Winter Olympics have completed. RSDV has registered a Certificate of Pending Litigation against the Property.

Contact Information

  • Rancho Santa Monica Developments Inc.
    Graham G. Alexander
    Media Contact
    604-689-5661
    or
    Rancho Santa Monica Developments Inc.
    Investor Relations
    1-877-537-5905
    info@rsdv.net