Walmart may opt out of Winona Crossing development

News Apr 09, 2015 by Mike Pearson Stoney Creek News

The long-awaited Winona Crossing development is finally expected to begin construction this spring, but could be without one of its previously-announced anchor tenants.

In an email to Ward 11 councillor Brenda Johnson, Leger Xavier, senior vice-president of PenEquity Realty Corporation, states Walmart will not be part of the project’s first phase and may not join the project at all, pending the outcome of ongoing discussions. Walmart’s apparent departure would make Costco the new anchor tenant, with its proposed 155,500 square-foot store.

Calls made to Xavier by the Stoney Creek News were not returned.

The commercial development, located at the corner of Fifty and South Service roads, was approved for a rezoning application in 2009, but since then PenEquity has sought approvals from the city, the Hamilton Conservation Authority, and the provincial transportation ministry for a required GO Transit station within the development’s footprint.

PenEquity previously hoped to begin construction last fall.

“Further to ongoing discussions with staff we are hopeful that we will be in the ground this spring/summer with Costco, LCBO and a variety of restaurant, retailers and service amenities in support of same....Walmart will not be part of our first phase and they will not likely be part of the project at all (although we continue to have an open dialog with them),” Xavier states in the email.

Johnson met with representatives from Costco and the developer just before Christmas. She said the developer’s goal is to have stores open by this fall. Johnson said residents remain divided on the proposed commercial plaza.

“Half the people do not want it. The other half are saying, ‘Hurry it up, we need it yesterday,” she said.

An Ontario Municipal Board appeal against the development was previously settled.

Walmart may opt out of Winona Crossing development

News Apr 09, 2015 by Mike Pearson Stoney Creek News

The long-awaited Winona Crossing development is finally expected to begin construction this spring, but could be without one of its previously-announced anchor tenants.

In an email to Ward 11 councillor Brenda Johnson, Leger Xavier, senior vice-president of PenEquity Realty Corporation, states Walmart will not be part of the project’s first phase and may not join the project at all, pending the outcome of ongoing discussions. Walmart’s apparent departure would make Costco the new anchor tenant, with its proposed 155,500 square-foot store.

Calls made to Xavier by the Stoney Creek News were not returned.

The commercial development, located at the corner of Fifty and South Service roads, was approved for a rezoning application in 2009, but since then PenEquity has sought approvals from the city, the Hamilton Conservation Authority, and the provincial transportation ministry for a required GO Transit station within the development’s footprint.

PenEquity previously hoped to begin construction last fall.

“Further to ongoing discussions with staff we are hopeful that we will be in the ground this spring/summer with Costco, LCBO and a variety of restaurant, retailers and service amenities in support of same....Walmart will not be part of our first phase and they will not likely be part of the project at all (although we continue to have an open dialog with them),” Xavier states in the email.

Johnson met with representatives from Costco and the developer just before Christmas. She said the developer’s goal is to have stores open by this fall. Johnson said residents remain divided on the proposed commercial plaza.

“Half the people do not want it. The other half are saying, ‘Hurry it up, we need it yesterday,” she said.

An Ontario Municipal Board appeal against the development was previously settled.

Walmart may opt out of Winona Crossing development

News Apr 09, 2015 by Mike Pearson Stoney Creek News

The long-awaited Winona Crossing development is finally expected to begin construction this spring, but could be without one of its previously-announced anchor tenants.

In an email to Ward 11 councillor Brenda Johnson, Leger Xavier, senior vice-president of PenEquity Realty Corporation, states Walmart will not be part of the project’s first phase and may not join the project at all, pending the outcome of ongoing discussions. Walmart’s apparent departure would make Costco the new anchor tenant, with its proposed 155,500 square-foot store.

Calls made to Xavier by the Stoney Creek News were not returned.

The commercial development, located at the corner of Fifty and South Service roads, was approved for a rezoning application in 2009, but since then PenEquity has sought approvals from the city, the Hamilton Conservation Authority, and the provincial transportation ministry for a required GO Transit station within the development’s footprint.

PenEquity previously hoped to begin construction last fall.

“Further to ongoing discussions with staff we are hopeful that we will be in the ground this spring/summer with Costco, LCBO and a variety of restaurant, retailers and service amenities in support of same....Walmart will not be part of our first phase and they will not likely be part of the project at all (although we continue to have an open dialog with them),” Xavier states in the email.

Johnson met with representatives from Costco and the developer just before Christmas. She said the developer’s goal is to have stores open by this fall. Johnson said residents remain divided on the proposed commercial plaza.

“Half the people do not want it. The other half are saying, ‘Hurry it up, we need it yesterday,” she said.

An Ontario Municipal Board appeal against the development was previously settled.