Plaza Point Claire's air has nervous energy.
Almost two years after entering the market, merchants recently learned that new owners could soon come to the iconic strip malls.
"We have a contract or arrangement with the Group to purchase Plaza Pointe-Claire," said Dan Schunart, whose father Kurt Schunart is co-owner of the Plaza. I am.
"[It] is subject to a period of due diligence, during which they evaluate various things to make sure they want to complete the transaction."
The story continues under the ad
Read more:Beloved Plaza Pointe-Claire is for sale
The plaza has been a community fixture for decades.
Built in 1958, it is known primarily for generations of West Islander moms and pop shops.
When launched in 2020, business owners were worried about who bought it and what it meant for them.
Now, the president of the Plaza Merchant Association says those fears have become a reality.
Read more:More new articles of incorporation Protecting the Green Space of Montreal
"Redeveloped and left as a shopping center or multipurpose redevelopment, this is a recurring term. ", Said Mike Smith, owner of Aspirateur Vacupro, a shop in the plaza.
A potential new owner is Montreal-based real estate developer Sotramont.
The company is well known for developing the Greenwich area south of Immus Street.
However, the Plaza is zoned for commercial use and falls under Pointe-Claire's recently adoptedProvisional Management Bylaws, putting a brake on Pointe-Claire's development in certain sectors. I am. Claire while the city is updating the city plan.
Story follows under the ad
Read more:Developed at Fairview Shopping Center The freeze has been re-imposed
Developers can apply for zoning changes, but Pointe-Claire Mayor Tim Thomas hopes to take decades of history into account here. It states that it is.
"That is, don't change it completely, not as it is," says Thomas. "It also has to be related to the citizens and the way they love it. It's not just about building what you need."
According to the Merchant Association, the developers will be on July 6th. We invited companies to a developer-sponsored briefing to find out more about the interim deal and what's ahead of the building.
Global News contacted Sotramont but did not receive any comments by the press time.
© 2022 GlobalNews, CorusEntertainment Inc A division.