By Pepper Parr
April 12, 2016
BURLINGTON, ON
This isn’t the time of year for people to be out on the streets all that much – it’s still a little chilly.
For those who do venture to the edge of the lake and happen to wander east of the Waterfront hotel – they find themselves entering the early stages of a construction zone.
That lot that used to be home to the Riviera is now just mud with pieces of equipment scattered around the site.
It could be taken for some kind o armament – but it is a drill that bores into the ground.
Fencing is in place and those “must wear a hard hat” signs are beginning to go up. Earlier in the week there was a tall – maybe three storey’s high – rig on the property. Bore holes were being drilled.
Bruno Kresina, the construction project manager, wasn’t on hand to explain what was going on.
The piece of land was home to the sales office – that was torn down a couple of weeks ago. The large six foot by six foot scale model of the Bridgewater project was put in storage – it will show up again when the new sales office is opened.
For a while the use of office space in the downtown core east of Brant was close to a game of musical chairs. Mayrose Tyco owners of the five storey tower on the north edge of the Elizabeth Street parking as well as the owners of the Bridgewater development, had rented space to the Joseph Brant Hospital Foundation. They were set up on the ground floor of the building while the parking lot at the Joseph Brant hospital underwent a massive re-development re-build that is costing the taxpayers $60 million – with the hospital foundation raising a second $60 million.
A drawing setting out where the different buildings will b situated and the open space for public access.
With the hospital foundation out of the space, Jeff Paikin and his New Horizons Development group can move their sales offices into the space. Not they need all that much of a sales office space – they are said to be past the 70% sold point – and that must be true because the bankers don’t release the cash until sales are at that magic 70% level.
And so now the construction begins.
This is what the south side of Lakeshore is going to look like sometime in 2018 – there will be public access to the lake in between the hotel on the right and the condominium of the left. It won’t be a very wide opening.
It’s a complex set up. The development was approved by city council in 1995 – it was to be a “legacy” project that had been in the minds of the Mayrose Tyco people before 1985. There were some land swaps that squared the assembled land – and a couple of close calls when Conservation Halton, who had grandfathered the development a long time ago but were beginning to get impatient.
Mayrose Tyco brought in the Mady Group to build what was to be a 22 storey condominium and a seven storey condominium plus a seven storey hotel that edged up to eight storeys.
The first hotel was to be a Delta – that got upgraded to a Marriott – which is some distance from the old Riviera motel.
Mady ran into financial problems – Mayrose Tyco took them off the building of the development and asked Paikin if he would take on the construction.
Paikin had already bought a unit in the seven story condominium – he was now going to build his new home.
You are looking at what is going to be pretty close to the new street – sidewalk alignment on the south side of Lakeshore immediately east of Elizabeth street.
It will be a couple of years before the any moving vans arrive – the residents of the city have a couple of years to complain about the construction disruptions.
When it is completed – the waterfront will be a much different place.
The construction of the pier and now this luxury level hotel and some very high end condominiums, which will be described as the finest buildings to live in the GTA. Better than Oakville?
