A prominent property in downtown Point Edward is to be redeveloped after being bought by a group of local entrepreneurs.
The village announced late Wednesday afternoon that Point Project Inc. submitted the successful bid for the former Bridge Tavern property.
CAO Jim Burns said they’re excited to see a multi-use development planned for the Michigan Avenue site.
“We’re very happy to have it moved through,” said Burns. “The property has been sitting vacant for a few years now and we’ve gotten into a position where we can sell it. We’ve got good local buyers who are looking to develop the property, so I think council is quite excited to see something happen there.”
Preliminary plans include a mixed-use development that will feature a two storey, 10,000 square foot building. The building will be positioned to maintain a consistent building line with neighbouring properties and enhance the continuity of the streetscape.
Burns said the successful bid was made February 28.
“In total, all of the property was $500,000, and that’s the former Bridge Tavern property, which there’s two properties there, and there was an old municipal parking lot that’s part of the deal as well.”
Mayor Bev Hand said they believe the project “will strengthen the unique character and identity of the Village while honouring its past and contributing to its future.” She said they look forward to working with the developer and are excited to see the plans unfold.
Burns said he’s not at liberty to discuss specific project details yet, but in a news release the Village said it’s been assured the building will be contextually sensitive to its surroundings while helping to anchor the downtown corridor and generate increased, favourable activity throughout the day and evening hours.
-With files from Colin Gowdy