Condos still going ahead in city
Waterfront development planned by Spinnakers’ Landing
A plan to develop a small parcel of land on the Summerside waterfront is still in the works, according to its proponent.
Mark Wilson, president of Summerside Capital Corporation, said Friday that he’s still planning to build condominiums on the plot between Spinnakers’ Landing and the Eptek Arts and Culture Centre, but the project has gone through a redesign over the winter.
The original plans for the waterfront project, which has been dubbed the Pier Lofts, was for 40 units and several retail spaces. However, the latest plans are for a much smaller project, coming in at 16 units and only one retail space.
Wilson originally hoped to start construction before the end of 2014, but now says he’s hoping to start construction of the redesigned lofts before the end of this year.
“We wanted to make sure we got the design just right,” said Wilson.
Originally from Collingwood, Ont., Wilson has been doing business in P.E.I. off and on for about a decade. He is also the developer of The Gables of P.E.I. Resort in Stanley Bridge and has developed several other projects in his hometown and in other parts of Canada. Summerside Capital Corporation also managed Spinnakers’ Landing for the 2013 and 2014 seasons.