At least three properties that the new owner of Bayside Centre intends to purchase as part of a redevelopment plan have had their closing dates pushed back while an environmental review takes place, says a representative of the developer.
One of those properties is the now former Templebar restaurant/pub. The owners of the establishment, while told they could remain open until a proposed demolition could take place late this year, decided to close the business and sold the chattels prior to the intended closing date.
But Lambton Shield has been told that the purchase was conditional on an environmental review (the Phase I). The results of that due diligence has raised some concerns.
In the case of some properties on the Christina Street side of the block, a past discharge of fuel is said to have occurred at some point, potentially contaminating properties adjacent to the leak (including the properties that are part of the sale to the Bayside owner). Those concerns, which are part of a “history” that makes up a Phase I environmental review, would have triggered the need for a Phase II environmental review.
The former Taylor’s furniture building is one of those on the Christina St. side of Bayside that will fall under a Phase II review.
On the east side of Bayside, a building next to the former Industry Theatre (which was the former Odeon Theatre) was at one time used as a photo developer. Concerns related to the proper disposal of chemicals related to that operation are said to have prompted the Phase II on that property.
The review process on all affected buildings is expected to take 4-6 weeks, said Mike Service, general manager of Bayside Centre.