Earlier this month, council unanimously approved recommendations from the planning department concerning amendments to the city’s official plan to support hotel and apartment use at Elgin Centre (formerly Elgin Mall).
The report from Jim McCoomb, manager of planning services for the city, followed a public meeting held July 15 where some residents expressed concerns about noise emanating from the hotel, snow removal and storage, fire safety for the upper levels of the hotel and parking and traffic.
A traffic assessment study submitted to the city concluded, “the proposed redevelopment of a portion of the existing Elgin Centre shopping mall will not significantly change the existing roadway traffic volumes and on-site parking accommodation.”
It was noted a petition had been received signed by 40 individuals opposed to the proposal.
It’s one of those unperceived neighbourhoods in St. Thomas . . . life beyond the hump of the Barwick Street bridge.
The residents, who enjoy a tranquil setting west of the railway track, may soon be joined by a couple hundred new neighbours if the city approves a proposed subdivision in the Hill and Barwick streets enclave.
The Ostojic Group of St. Thomas is proposing a 75-lot subdivision west of Hill Street with Nick and Joe Ostojic making their pitch to council this Monday (June 17).
It’s not the first time the Ostojics have sought to develop the open field nestled between the St. Thomas bypass and Kettle Creek.
The stumbling block in the past has been the restricted access across the wooden bridge that spans the CN line to London.
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?
Considered the poor cousin of enclosed shopping malls by its previous owner OneREIT, Elgin Mall has wonderful potential according to the small, family owned real estate investment company that acquired the 263,000-square-foot property last month.
Brothers Jay and Mory Burstein are adamant their intention is not to demolish the retail centre that first opened in 1975.
“Our goal is to try and lease the vacant space as quickly as possible and try to make this mall the vibrant place it once was,” Jay assured in an interview this week.
An optimistic game plan for a mall that is operating at a roughly 50 per cent vacancy rate. Continue reading
A small real estate investment company in Brampton is determined Elgin Mall will again be a happening place.
Operating under the name Elgin Mall Inc., the family owned firm last month completed the purchase of the 263,000-square-foot property from OneREIT.
Elgin Mall was the only similar-sized property listed in OneREIT’s holdings and with just over 50% occupancy, the mall was the least-tenanted of the real estate investment trust’s many properties.