Two fire-hall swap properties sold
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Hey there, time traveller!
This article was published 19/02/2014 (3267 days ago), so information in it may no longer be current.
Two of the civic properties caught up in the cancelled Shindico fire hall land-swap deal have been sold.
The sale of the former Berry Street fire hall and a piece of vacant land near the Osborne Street underpass was approved Tuesday by the property and development committee — for a combined price of more than $1.2 million.
The sale of the third property — the former fire hall on Grosvenor Avenue — was put over for a week following a last-minute appeal by a rival group whose offer wasn’t recommended by administration.
The former Berry Street fire hall sold for $267,000. The purchaser plans to convert the old hall into a single family home or a multi-family residence.
The committee accepted a $1-million offer for the second parcel, vacant city land at 409 Mulvey Ave. East, between Osborne Street South and the Red River. The purchaser plans to build a 12-storey, 68-unit apartment block on the site.
The three properties were originally to be swapped to Shindico in exchange for title to the Taylor Avenue site where fire-paramedic station No. 12 was built.
The swap was cancelled by city hall and all three properties were put up for sale.
The committee later endorsed an administration plan to take Shindico to expropriation on the Taylor property, after the two sides were unable to agree to a mutual price.
“I’m happy that the Mulvey Avenue East and Berry Street properties went out to a wide-open public bidding process and that there was considerable market interest in acquiring the properties,” Coun. Jeff Browaty, chairman of the property and development committee, said. “When considered with the bid for Grosvenor, I feel it’s a clear indication that the combined value of the properties, once properly rezoned for appropriate uses within existing neighbourhoods, will be higher than what was considered and recommended by the public service in trade from Shindico.”
Planning director Barry Thorgrimson said the proceeds from the sale of the three properties will be used to pay for the Taylor expropriation.
The administration had recommended the sale of the former River Heights fire hall on Grosvenor for $429,000 to a numbered company proposing to convert the property into a daycare.
A decision was put over after the Rady Jewish Community Centre said it wanted to buy the old hall, also for a daycare.
An administrative report stated the city received five offers for the Grosvenor property and was recommending the bid from the numbered company.