In June 2018, Council agreed to sell the parking lot on the corner of Queen and McGill (opposite the Post office) to a developer. One condition was that the developer include at least 64 parking spaces for public use which would replace those currently on the lot. The development would also use the land of the adjacent old run-down curling building at 22 Queen Street. At tonight’s Council meeting, Richard Tseng (with Virginia Lam) from EIE Corporation presented more details and asked for an amendment of zoning rules. Given that it’s been almost three years, we could be forgiven for thinking that the project had died, but apparently not. It will be impressive at 5 storeys with rooftop gardens. At the original Council meeting, Debra McCarthy asked about possible basement flooding due to the proximity to the lake but was told that if in fact there is a problem, then pumps and backup power would resolve it. This is what was done at the Condos on Third Street.
The presentation included overall details of what the planned building would look like – see the link below – although we will have to wait for a site plan to see more. When asked about a timeline, Virginia said it depended on planning approval but demolition of the old curling building should start within 12 months. To get finance, 75% of units need to be sold but marketing can start once the Town has given approval.
There will be seven three storey Townhouses facing McGill and four commercial units facing Queen. The parking entrance will be off Queen at the West end of the building. There will be a garden on the fifth (top) floor and another on the third floor facing north with open space above it (see drawings in presentation).
The number of suites and parking spaces has been provided plus how many bedrooms in each suite but not floor plans. But you can bet that the asking price for the penthouse on the fifth floor will be in multiple millions.
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This is the first public sign since 2018 that this project is proceeding. The Town got $600K for the land but will also get development charges and someone to maintain the parking spaces in that location. No action was required by Council – the delegation was received for information purposes.