Seasons Retirement Communities is getting ready to unveil plans for 140 – 160 retirement residences downtown. And those plans include purchase of more property south of the Royal Bank building adjacent to Bayside Centre which the Oakville – based company acquired last year.
In a communication late last month, Seasons Chief Executive Officer Rick Smyth reminded Sarnia Mayor Mike Bradley that due to the “complexity” of managing potential users and redevelopment of land uses it would take “some time” before plans would be unveiled.
Smith told Bradley that the company has met with all of the Centre’s tenants and will do so at least one more time to “maintain continuity of the message” before going public.
Smyth’s communication came after Bradley requested an update.
Bradley says acquisition of the former bank building at the corner of George and Christina Streets would be “a natural” for Seasons.
The Seasons project and a decision by Tricar Group of London to build a 12 - storey high - rise apartment building at London Road and Christina this May are a game changer for downtown says Bradley. “We are looking at a huge boost here”.
Bradley, who met with Tricar owner Joe Carapella last month says soil tests are underway and he “wants to get going” because he has construction crews available. Soil remediation and “minor zoning relief” are the only issues.
Carapella’s Tricar also owns the Water’s Edge at Front and London Road and Bradley says the 143 – unit building is one of the company’s most successful with a “lengthy waiting list”.
Tricar specializes in downtown buildings and has additional property along Front Street in Sarnia. The company owns the former Sarnia Gazette Publishing Company building along the west side which Carapella acquired a number of years ago and has retained as vacant land. Bradley says Tricar was planning condominiums for The Gazette site but hasn’t moved on it. “I think Carapella is having too much success with rentals to consider a condominium right now”.