Waterfront development on Salter Block falls through
Posted Mar 24, 2011 01:01:04 PM.
This article is more than 5 years old.
A developer who had planned to build on the Halifax waterfront has taken too long to get started, so the Watefront Development Corporation has taken the land back.
Centennial Group Limited signed on in 2009, took ownership of the Salter Street Block last June, and excavation and footings were supposed to be in by the end of May. But ground has not even been broken on the 12-storey condo, hotel and retail complex at the foot of Salter Street, so the Waterfront Development Corporation is taking back the land so someone else can do something.
“The thing that you do when a development is clearly not going to take place is you take the property back and you move as quickly as you can to find new projects for it,” said Premier Darrell Dexter.
Economic Development Minister Percy Paris says it’s disappointing that the $75-million dollar project won’t be built.
“We were very generous in making an extension a year ago,” says Paris. “We’re anxious to see this property developed and we want to hold on to it and hopefully somebody will develop it.”
The Salter Block project was supposed to have been the largest development along the harbour in a generation.
