Interested buyer eyeing King Street East, Centennial Parkway South land in Stoney Creek

News Nov 10, 2017 by Laura Lennie Stoney Creek News

The city has a possible buyer for the land on the southwest corner of King Street East and Centennial Parkway South.

Spokesperson Ann Lamanes says the potential buyer’s name, offer and plans for the vacant property will not be released until the deal closes early next year.

“Those details are confidential until the deal closes as per our protocols,” she said. “The deal’s closing date is scheduled for Feb. 2.”

The city put the land up for sale in July.

The 0.575-hectare property includes four addresses — 2874, 2880 and 2900 King St. E. and 6 Centennial Pkwy. S. — which are being sold together as one parcel.

The city had been seeking $3.25 million for the land, which is currently zoned for a combination of restricted community shopping and commercial, as well as a public lot. Development on the property could require rezoning, especially if a residential application is involved.

The city purchased the land in 2013 for about $1.8 million.

The property was previously part of a plan for an interpretive centre at adjacent Battlefield House Museum and Park. The site was declared surplus last fall, after city councillors voted to scrap the proposed $10-million interpretive centre amid concerns over archeological issues and public access.

The land has been home to a Chinese restaurant and gas station in the past.

Ward 9 Coun. Doug Conley, who represents the area, said he doesn’t know what the potential buyer wants to do with the property, but thinks there is a possibility that a condominium unit could be built there.

“I would have no problem with a condo,” he said. “We will have to wait and see what the new owner’s plans are.”

Lamanes confirmed that once the land is sold, 50 per cent of the net proceeds will be returned to the Terrapure royalties fund, with the remaining half of the sale directed to the Stoney Creek Urban Design Capital Projects fund for the restoration, preservation and interpretive development at Battlefield House Museum and Park.

Sale proceeds could potentially be used for the renovation of the barn at Battlefield Park project, she said.

Interested buyer eyeing King Street East, Centennial Parkway South land in Stoney Creek

News Nov 10, 2017 by Laura Lennie Stoney Creek News

The city has a possible buyer for the land on the southwest corner of King Street East and Centennial Parkway South.

Spokesperson Ann Lamanes says the potential buyer’s name, offer and plans for the vacant property will not be released until the deal closes early next year.

“Those details are confidential until the deal closes as per our protocols,” she said. “The deal’s closing date is scheduled for Feb. 2.”

The city put the land up for sale in July.

The deal’s closing date is scheduled for Feb. 2.

The 0.575-hectare property includes four addresses — 2874, 2880 and 2900 King St. E. and 6 Centennial Pkwy. S. — which are being sold together as one parcel.

The city had been seeking $3.25 million for the land, which is currently zoned for a combination of restricted community shopping and commercial, as well as a public lot. Development on the property could require rezoning, especially if a residential application is involved.

The city purchased the land in 2013 for about $1.8 million.

The property was previously part of a plan for an interpretive centre at adjacent Battlefield House Museum and Park. The site was declared surplus last fall, after city councillors voted to scrap the proposed $10-million interpretive centre amid concerns over archeological issues and public access.

The land has been home to a Chinese restaurant and gas station in the past.

Ward 9 Coun. Doug Conley, who represents the area, said he doesn’t know what the potential buyer wants to do with the property, but thinks there is a possibility that a condominium unit could be built there.

“I would have no problem with a condo,” he said. “We will have to wait and see what the new owner’s plans are.”

Lamanes confirmed that once the land is sold, 50 per cent of the net proceeds will be returned to the Terrapure royalties fund, with the remaining half of the sale directed to the Stoney Creek Urban Design Capital Projects fund for the restoration, preservation and interpretive development at Battlefield House Museum and Park.

Sale proceeds could potentially be used for the renovation of the barn at Battlefield Park project, she said.

Interested buyer eyeing King Street East, Centennial Parkway South land in Stoney Creek

News Nov 10, 2017 by Laura Lennie Stoney Creek News

The city has a possible buyer for the land on the southwest corner of King Street East and Centennial Parkway South.

Spokesperson Ann Lamanes says the potential buyer’s name, offer and plans for the vacant property will not be released until the deal closes early next year.

“Those details are confidential until the deal closes as per our protocols,” she said. “The deal’s closing date is scheduled for Feb. 2.”

The city put the land up for sale in July.

The deal’s closing date is scheduled for Feb. 2.

The 0.575-hectare property includes four addresses — 2874, 2880 and 2900 King St. E. and 6 Centennial Pkwy. S. — which are being sold together as one parcel.

The city had been seeking $3.25 million for the land, which is currently zoned for a combination of restricted community shopping and commercial, as well as a public lot. Development on the property could require rezoning, especially if a residential application is involved.

The city purchased the land in 2013 for about $1.8 million.

The property was previously part of a plan for an interpretive centre at adjacent Battlefield House Museum and Park. The site was declared surplus last fall, after city councillors voted to scrap the proposed $10-million interpretive centre amid concerns over archeological issues and public access.

The land has been home to a Chinese restaurant and gas station in the past.

Ward 9 Coun. Doug Conley, who represents the area, said he doesn’t know what the potential buyer wants to do with the property, but thinks there is a possibility that a condominium unit could be built there.

“I would have no problem with a condo,” he said. “We will have to wait and see what the new owner’s plans are.”

Lamanes confirmed that once the land is sold, 50 per cent of the net proceeds will be returned to the Terrapure royalties fund, with the remaining half of the sale directed to the Stoney Creek Urban Design Capital Projects fund for the restoration, preservation and interpretive development at Battlefield House Museum and Park.

Sale proceeds could potentially be used for the renovation of the barn at Battlefield Park project, she said.