Developer has big plans for downtown Halifax property
Valuable two-block Herald lands being considered for new convention centre
By BRUCE ERSKINE Business Reporter
Wed. Aug 27 - 6:29 AM
Argyle Developments is mulling three options for the soon-to-be-vacant Chronicle Herald headquarters on Argyle Street in Halifax. The newspaper’s staff are moving to new offices on Joseph Howe Drive at the end of the month. (Eric Wynne / Staff)
The developer that owns the Chronicle Herald property at 1650 Argyle St. is working up three possible scenarios for the large downtown Halifax location.
"We have to have options," said Joe Ramia, a principal with Argyle Developments Inc., in an interview on Tuesday.
One of those options is for a new downtown convention centre, but Mr. Ramia said he needs contingency plans if the convention centre proposal by his group, Rank Inc., isn’t selected by the municipality and the province.
Halifax Mayor Peter Kelly said Tuesday that a decision on a shortlist of convention centre developers will be made in September. Six proposals, including Rank’s, are now being reviewed by a panel of provincial and municipal appointees.
Mr. Ramia said all three plans for the two-block Chronicle Herald property are still being formulated. "We haven’t submitted anything to anybody."
Before the province and the municipality called for proposals to build a new convention centre in March to replace the aging World Trade and Convention Centre, also on Argyle Street, Mr. Ramia had speculated that the downtown site would be home to a mixed commercial-residential development
Argyle Developments bought the Chronicle Herald property in 2007 from the estate of the late cable TV mogul Charles Keating, which had listed it for $15 million. Mr. Keating purchased the property from the Dennis family, owners of The Halifax Herald Ltd., in 2002.
In July, Mr. Ramia bought the nearby Midtown Tavern property on Grafton Street for $1.5 million, after a court battle involving the children of the pub’s former owner, Doug Grant. That purchase, combined with the Chronicle Herald property, gives Argyle Developments one of the largest single pieces of real estate in the downtown core.
The former owners of the Midtown were given a year to operate the bar, but Mr. Ramia said Tuesday that his group could take the property over earlier than that.
Staff at The Chronicle Herald will complete their move from Argyle Street into new offices on Joseph Howe Drive by the end of the month, and Mr. Ramia said his group will take official possession of the downtown property on Oct. 1.
Argyle Developments has a demolition permit for the property, but Mr. Ramia said his firm is still determining the best way to proceed with taking the building down.
"We’re deliberating on how quickly to move on it," he said, confirming that taxes on the property are higher with the building in place.
Mr. Ramia said the structure could be knocked down in stages or imploded. "It’s still up in the air," he said.
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