Quote:
Originally Posted by PEI highway guy
So does this mean the rumoured hotel on this property is off the table?
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Let's go for a more detailed examination of this question:
The developers have purchased more property along Main Street and Stewart Street to expand the scope of this development.
The area circled in red has absolutely been purchased, and is now part of the Junction Urban Village. They also want the area outlined in blue, but I am not 100% certain they have been able to secure these two lots. The Property Assessment online portal does not show any recent sales, but they often are a few months late in updating their data. My source seems satisfied that The developers are willing to proceed in any event and are planning a 10 storey residential building.
Even with only the red lots secured, this effectively doubles the size of the land along West Main Street available for development. Does this mean they could put up both an apartment tower and a hotel here? Perhaps, but it would be tight.
Another possibility would be to bring the hotel back to the corner of Vaughan Harvey and Ivan Rand, where it had been planned in the first place. The Junction Hall is supposed to be a commercial office building, and with the dismal vacancy rate downtown for commercial space, it is entirely possible they might kick the Junction Hall to the curb in favour of the Home 2 Suites by Hilton.
A third possibility would be to keep the Junction Hall, and relocate the Home 2 Suites to the proposed apartment building next door, adjacent to the downtown GoodLife building. You could even do something like this with a common podium, especially with the proposed restaurant on the ground floor of the Junction Hall (easy access for hotel guests to get to the restaurant without going outside).
There are many possible configurations.