Quote:
Originally Posted by -Harlington-
CTV news story says that theres going to be a huge 500 million residential development near mount saint vincent university connecting to lacewood dr. to be mostly mid-rise and should house 3500-4000 people
They said construction should start in two years .
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Found an article for this :
Southwest Properties buys Motherhouse site
November 28, 2011 - 6:35pm
The Rockingham property where the Sisters of Charity Motherhouse once stood is the jewel of available real estate in the municipality, said the CEO of Southwest Properties Ltd.
It’s why Jim Spatz’s development company jumped at the chance to work with the congregation on purchasing the 25-hectare property for redevelopment.
“It’s an amazing site, close to the centre of (the municipality), close to the downtown, with wonderful views, and surrounded by a very good residential community,” Spatz said.
The congregation officially turned over possession of the property, which overlooks Bedford Basin, to Southwest Properties at a news conference Monday afternoon.
The company expects to break ground on the 10-year, $500-million project in two years.
“We’re just at the beginning of a process,” Spatz said. “We’re seeking community input and taking our design forward, and when we have it at a point where we like it, going to (the municipality) and submitting for a development permit.”
The development, which is still in the conceptual stage, would include various kinds of residential options, from single-family dwellings to townhouses, apartments and condominiums. Five per cent of those will be dedicated as low-income housing.
There will be about 4,000 people living in the mixed-used development, which would include a recreational centre — possibly a gym — and a host of retail opportunities.
“We’ve got experience doing retail, so we’d like to create a heart for the community, which will be a retail, restaurant, cafe kind of heart and rich with amenities,” said Spatz, whose firm built Sunnyside Mall in Bedford and Bishop’s Landing in Halifax.
The community would be pedestrian-friendly, with access to amenities within a six-minute walk, Spatz said.
It would also be a Leadership in Energy and Environmental Design-certified project, similar to what the company is building in the city’s south end at the 113-unit Grainery Lofts.
“We’ve learned a ton from that that we’re going to apply to this development,” Spatz said.
Southwest Properties is one of several parties that had expressed interest over the last decade in developing the property.
United Gulf Developments Ltd. had formed a partnership in 2004 to build a $350-million mixed-used development on the site before that partnership was mutually dissolved five years later.
The Motherhouse, a 350,000 square-foot building, was subsequently demolished and about 100 retired sisters moved into Caritas Residence, a six-storey building built by Shannex, a company owned by Cape Breton businessman Joe Shannon that builds and manages continuing-care residences.
Sister Donna Geernaert, congregational leader of the Sisters of Charity, said it was the right time to part with the property, which has been owned by the congregation since 1872.
“Part of it has to do with the fact that the land has been vacant since late 2009, and you don’t like to let it sit too long,” Geernaert said, noting that the Southwest proposal met the congregation’s wish list
“I think it appealed in terms of major values that meet ours, in terms of environmental sustainability. That’s one issue that we’ve been very conscious of in recent years. There were other aspects of environmental sensitivity, including the use of building material and the fact that it would be a pedestrian-friendly area with access to public transit.”
Spatz and Geernaert declined to say how much the property was sold for.
“I will say that fair-market price was important to us, but fair-market price means that we’re selling it as land that’s zoned as institutional and requires a fair bit of servicing before it can actually be truly valued,” Geernaert said.
Spatz said the project will be built in phases, with about 150 units built each year over the course of the decade-long project.
“We haven’t determined exactly our phasing. We’re getting some ideas around that. And if the market demand is stronger than that, we’ll speed up our schedule a bit.”

^^ The general area of the development
There was renderings on the CTV news story on tv though
EDIT: found some conceptuals