Posted Jun 19, 2018, 11:11 PM
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Ham-burgher
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Join Date: Jun 2013
Location: Hamilton
Posts: 7,447
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Still on life support... "significant changes" noted in the story but not much in the way of details.
Approval extended for James Street South condo project
The city has granted the new buyers of a downtown highrise development a one-year extension to the conditional site plan approval
by Natalie Paddon
The Hamilton Spectator -- June 19, 2018
The city has granted the new owners of a downtown highrise condominium project a one-year extension to the conditional site plan approval for the James Street South development.
After being placed in receivership last summer, The Connolly — located at the site of the former James Street Baptist Church — was sold to Hue Developments and Investments Canada Inc. in February.
The sale was approved in court last month.
The conditional site plan approval had been set to expire May 25, 2018, according to court documents. But the city extended it for a year, city spokesperson Marie Fitzpatrick said in an email last week.
Michael St. Jean, of St. Jean Realty, which has been the selling agency for the development, recently told The Spectator the closing date for the transaction is in a couple of weeks.
Once that happens, receiver Spergel Inc. will start a claims process so those who bought units under the former owner Louie Santaguida can get their deposits back because existing agreements are being torn up as part of the new deal.
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