A city committee is recommending council approve a $3000 bid for the York Hotel and Germaine Park land.
A proposal from a local business person is rated as the best of two bids that came in.
Travis Miller with Turcon Construction says three buildings, four storeys each, would go up on the site if the bid is approved. Two of those would be on the former York site.
“With retail space on the bottom and residential condos on the other three floors (pictured, bottom). Then, on the 100 Avenue site, where the former Germaine Park was, it’ll be a four-storey building with two storeys of retail space and a proposed restaurant on the second level with a walk-out patio, so you can actually sit on 100 Ave. and eat (pictured, top).”
He adds some parking would also be included.
“As it stands with this, we realize with residential and with the sheer amount of people we’re hoping will occupy the space, we have included 64 parking spots as it stands and we’ll hopefully add more, depending on how the final design comes in. Once the final design process goes through, then we’ll have a determination how that works.”
Miller says downtown is coming back.
“I think for anybody who’s been in Grande Prairie for an extended period of time, knows that the downtown core has been slowly declining, but the city’s been putting so much money into the downtown core that it’s becoming a very upbeat part of our town, part of our city. I think part of his (the potential buyer’s) look is 10-20 years down the road and he wants to make sure he is part of that and the stability of our city in general.”
Current plans would see construction start this fall.
The city says the project would generate $137,000 per year in taxes where none are being paid now. That means it would get the value of the land back in taxes in six-and-a-half years. Part of the deal includes a stipulation that construction must start within 18 months and be finished within 42 months.