Third highrise at Mic Mac Mall awaits approvals
http://thechronicleherald.ca/Business/1229998.html
By BILL POWER Business Reporter
Fri, Feb 25 - 4:55 AM
A third residential tower proposed for a site adjacent to the Mic Mac Mall is inching its way through the approval process.
"Things are proceeding but very slowly," Otto Gaspar, president of Can-Euro Investments Ltd., said Thursday.
He said he recently received environmental approval for the $30-million development that will be built south of the mall on a site that is currently home to a couple of residential towers called Horizon Court and The Summit.
His company has also begun work on a required development agreement with Halifax Regional Municipality, Gaspar said.
The agreement is needed because the density of the development slightly exceeds existing municipal guidelines, Geoff Keddy, the building’s architect, said.
"It’s very much a minor variance and we are not expecting any problems," he said.
Gaspar said getting approvals for the project could take all year.
"We hope to be in a position to begin construction next year, but this is all very much in the early stages," he said of the project.
The new development, Tower III, will be about 27 storeys. It will feature rental accommodations and commercial space on its first three floors.
The building will be curved to make maximum benefit of solar heat and will feature an internal floor plan providing most apartments with views of Halifax Harbour, Keddy said.
"We’ve not yet finalized all the design details, but we’re looking at the possibility of a coffee shop or atrium on the roof top with a garden as a common area for the building," he said.
The company hasn’t got the final costs for the building’s construction either, but "certainly, for a project of this magnitude ($30 million) would be a pretty accurate guess," Gaspar said.
Besides Horizon Court, which is 17 storeys, and The Summit, 19 storeys, Can-Euro Investments also owns Adriana Court and Garden Stone Estates near the Mic Mac Mall.