Con­dos still go­ing ahead in city

Wa­ter­front de­vel­op­ment planned by Spin­nakers’ Land­ing

The Guardian (Charlottetown) - - WEEKEND BUSINESS - BY COLIN MA­CLEAN

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.

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