Slow progress on Sudbury condo projects, but developers still upbeat - Action News
Home WebMail Saturday, November 23, 2024, 03:43 AM | Calgary | -11.7°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Sudbury

Slow progress on Sudbury condo projects, but developers still upbeat

Progress continues to be slow on several big condominium projects proposed for Sudbury. But some developers are betting that the market is about to mature into a multi-million dollar business.

Major construction on general hospital condo project could be delayed another year

Developer Greg Oldenburg with a model showing how he plans to turn the old Northern Breweries building into the Brewer Lofts. (Erik White/CBC)

"Is it still happening?" is a question that Greg Oldenburg has gotten used to answering.

The developer trying to turn the old Northern Breweries building on Lorne Street into the Brewer Lofts announced his ambitious plans three years ago, but little has changed to the outside of the aging industrial structure.

"I can understand people's viewpoint from the outside saying 'Why is it taking so long?'" says Oldenburg, who grew up in Sudbury, but now lives in Toronto.

"But if I showed you all the drawings and all the paperwork and other sorts of things you have to bring forward to get things like this approved, it's quite daunting."

Inside, Oldenburg has built a model suite to show prospective buyers what they'd be getting.

A sample unit built inside the Brewer Lofts to entice buyers. So far 45 per cent of the 50 units have been pre-sold. (Erik White/CBC )

He says he has sold 12 of the 50 units, which start at $185,000,to everyone from local businesspeople to a clergyman, but needs to sell about 20 more before construction can begin.

Oldenburg believes there are people in Sudbury who want to live in a condo, but says they are looking for something unique that they can personalize to their own tastes.

"They're not really interested in the condo market, because enough compelling product isn't in the marketplace," he says.

The other big and unique condominium project is also in a major landmark building, where not a lot appears to be happening on the outside.

The old Sudbury General Hospital, also known as St. Joseph's hospital, closed in 2010. For the past five years, Panoramic Properties has been working to convert it into 210 luxury condos.

Here's what it looked like on the inside last year:

On the CBC mobile app? Then click here

But architect Michael Allen says they've hit snag after snag since then.

Hesays interior work at the old hospital was put off this winter when hydro couldn't be connected to keep workers warm, but adds that about $1 million in other infrastructure was invested in the building.

Allen says a contractor was supposed to start work in April on the concrete for a new wing and a parking garage, but has too much work in the red hot housing market in Toronto to come north.

He says with the short building season in Sudbury, if arrangements can't be made soon, construction could be delayed a full year until spring 2018.

"There have been delays, there have been frustrations, disappointments, but that is part of the process when you're doing developments of this magnitude," says Allen.

Paul Corsi in front of his company's condo building, Copper Park Villa, at the corner of Copper Street and Kelly Lake Road. The 31 units sell for between $325,000 and $450,000, but only half have been sold, the rest J. Corsi Developments has been forced to lease. (Erik White/CBC)

There are several big condo projects on the books in Sudbury, but few have actually been built.

J. CorsiDevelopments did build the 31-unit Copper Park Villa in the south end a few years ago.

Project manager Paul Corsi says they've attracted young professionals and some downsizing seniors, but says about half of the tenants want to rent instead of buying a condo for $350,000 and up.

"I think it's still too new. There's a lot of options in Sudbury. It's not really mainstream yet," says Corsi.

Corsi's company also has approval for a 60-unit tower on Long Lake Road, but he says that project is shelved until Sudbury sees the kind of growth that drives the condo business in other cities.

"We don't grow here. We seem to maintain the same population, nothing that will spark large developments and big projects," he says.