Quote:
Originally Posted by rrskylar
Good location for a low to mid rise apartment or condo's, 55+ would be perfect with senior centre across the street, good bus service and relativity close to downtown.
Still waiting for the day a half decent restaurant/lounge/anything opens along the Elmwood to NK Henderson Highway corridor.
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Imperial OIL is looking for $750,000 for their land on Linden @ Henderson and it's about 1/3 as much in size as the Safeway lot. I guess then the Safeway land is over $1.5 million in value, could a developer buy that land, demolish the store, build a new building and still sell or rent at a price that would get people in?
Before anybody brings up the apartments that replaced the Springfield Heights shopping center, Edison Properties owned that land for years so all they had to cover was the demolition costs. The land was probably "free" as the rent over the years from the mall tenants paid off the mortgage to buy it back in the 60's.