It will be a game-changer for the revitalization of the downtown core. An apartment complex proposed for the three-acre parcel of land at the southeast corner of Ross and Talbot streets that one of the partners in the deal calls “a nice lot that would make for good housing.”
In May of 2015, Bob and Don McCaig purchased the vacant parcel of land at 672 Talbot Street from Infrastructure Ontario for $750,000, well below the asking price of $1.1 million.
Previously the site of a car dealership and the YMCA prior to that, the land had been purchased by the province as a possible location for the consolidated Elgin County Courthouse.
Speaking with Bob McCaig on Friday, he is proposing to erect a pair of apartment buildings in two phases.
The city shone some light this week on its proposal to develop “a social services and housing campus” on a large tract of land recently purchased from London developer Shmuel Farhi.
City manager Wendell Graves updated council at Monday’s reference committee meeting on the development process at 230 Talbot Street which will be undertaken in three stages, anchored by a new home for Ontario Works which is currently leasing space in the Mickleborough building at 423 Talbot Street, the second property purchased by the city from Farhi in the same transaction.
You have to look very, very carefully to find this gem in last Monday’s council agenda.
We’ll help you out. It’s on Page 65. A warning from the city’s director of finance, David Aristone.
“The various reserve balance are adequate in the short term,” advised Aristone in his 2016 year-end update to council. “However, for the longer term, the city is financially exposed in the following areas.
Aristone lists four areas with the final being “future retirement payouts for the fire department.”
No amount is listed, but we confirmed with human resources director Graham Dart the amount at the end of 2016 was approximately $1.3 million.
A tidy sum, that. And what is the $1.3 million earmarked for?
Can St. Thomas – specifically the downtown corridor – support another retail grocery store?
That will be the focus of a public meeting to be held 5:45 p.m. May 8 in the council chamber at city hall as Gyulveszi Holdings Inc., have applied to the city for permission to locate a grocery store at 780 Talbot Street, the home of Giant Tiger since 2000.
The city this week locked in place two more pieces of the Talbot Street West redevelopment puzzle with announcement of the purchase of two properties from London developer Shmuel Farhi.
The acquisitions are the Mickleborough Building at 423 Talbot Street – the home of Ontario Works since 2000 – and a parcel of land on the south side of Talbot St., between William and Queen streets, and stretching south to Centre Street.
While a conditional offer was announced last April the delay, according to city manager Wendell Graves, revolved around environmental issues.
“We have done due diligence over and above so we know exactly what we are facing,” stressed Graves. “In our approved city budget this year we have funds allocated there to begin some cleanup. Because we are looking to use pieces of that site for residential, under the Ministry of the Environment regs, that is the highest order of cleanup that will be required.”
After announcing a conditional offer last April, the city has reached a deal with London developer Shmuel Farhi for the purchase of two Talbot Street properties.
City manager Wendell Graves announced the deal Wednesday morning that includes the Mickleborough building at 423 Talbot Street – the home of Ontario Works since 2000 – and a parcel of land on the south side of Talbot St., between William and Queen streets, and extending south to Centre Street.
The property includes four homes on Queen Street.