Downtown building project up for sale

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News

By Barb McKay

 

A downtown residential and commercial building project is now up for grabs to prospective developers.

 

The project is still in the planning stages and has been developed thus far by realtors Lynn Clayton and Charlene Randle-Clayton. The plan is for a two-storey apartment building, with four one-bedroom units and 16 two-bedroom units, and retail space on the ground floor. The development is located on three properties on Queen Street, across from Pierson Motors, which have been rezoned to allow for residential development.

 

Last week Lynn Clayton told The Independent that the realtors have decided to sell the project because their busy work schedules currently do not allow them to dedicate themselves to completing the development. The project will be offered up as a bundle with the properties, plans and approvals included.

 

“We’re offering it for sale to someone who can take it from here and do it,” Clayton said.

 

He said that potential developers may choose to sell the building once it’s complete or operate it. Clayton added that anyone who takes on the project can choose to develop at as it is conceived or alter the design to include their own ideas.

 

“Our vision and council’s support and Bruce County planning’s preference would be to do it as it is,” he said. “That is our vision and we like it, but that doesn’t mean that someone else won’t have a vision that is equally as beneficial to the community.”

 

Clayton said there has already been some interest in the project.