TRURO – A “significant” residential development for downtown Truro could come to fruition in the near future.
Truro town Coun. Greg MacArthur confirmed with the Truro Daily News on Thursday that the town is “in the negotiation stage” with a Halifax-based company for the potential development of “condominiums and shops” at the former Truro Junior High School site. The land rests on the corner of Victoria and Forrester streets.
“There has been an offer (by the Halifax company) … we as a council like what we saw. It’s a very good proposal and it would be good for downtown Truro,” suggested MacArthur, who was unable to provide specific details of the potential development.
Town chief administrative officer, Jim Langille, also confirmed with this paper that town officials will soon meet with the company, which he refused to name because the proposal is still in the negotiation stage.
He also could not present specific details regarding the type of development.
Langille did say if the project continues, it would be a “significant development” that would be “very beneficial” to the town and “an effective use of the former Truro junior high site.”
Langille said one aspect the proposal includes on-site parking. MacArthur added it could mean taking down the former Basin Basics store on the Esplanade, which has since relocated to Robie Street, where Blockbuster video used to be.
Langille said although he expects the project “will go forward” there are a lot of details and negotiations to fall into place for an agreement to be struck.
“Developers are anxious to start sooner than later,” said Langille, adding if a deal is made, developers must begin the project within 12 months of an agreement. The project would have to be completed within 24 months of the start date.
This is not the first time the site has been looked at for potential development. In 2012, Halifax developer John Hampson was interested in erecting a condominium building that would have included two 10-storey wings with about 60 separate condos or apartment units. That deal never came to fruition and the town went back to request for proposals for the area. It was also a site that some thought would be good for a new library.