Condo project planned for Paris
PARIS – Increasingly vibrant downtown Paris is about to get more sparkle with the announcement that a long closed and deteriorating site of an old hotel and Capitol Theatre will be reborn in the form of an upscale condominium and boutique retail development.
Located at 11 Mechanic St., the project, called The Royal, is the brainchild of prominent local developer Bill Kennedy who already has other successful projects to his credit in the downtown.
It’s the site of the former New Royal Hotel, which had a long-gone Capital Theatre beside it.
The old hotel building will be demolished to make room for a four-storey edifice featuring private terraces, private elevator access, a roof-top garden & patio, and an extravagant level of finishes, Kennedy said.
Units will start at $949,000.
Lanca Contracting Ltd. will oversee construction and Royal LePage Brant Realty will be responsible for marketing residential and commercial units.
The development has cleared all the necessary planning approval and building permit hurdles. Initial stages of construction are slated to begin in the next few months.
“My goal is to make our community a highly desired living space – a space that makes convenience to amenities in a picturesque living core a certainty,” said Kennedy.
“I’m driven simply by its presence in the community.”
Current participants in the The Royal development include Salt & Pepper, Marks Wholesale, Gerrie Electric, Avenue Lighting, Imagine Marble, Simpson’s Flooring, and Octopus Red Marketing & Design.
The hotel dates back to the 1860s, but has been vacant and is in an advanced state of disrepair since the late 1970s.
“Property owners on Mechanic Street keep asking me, when is something going to happen there?” said Brant Mayor Ron Eddy.
“Now they have their answer.”
Eddy said he has strong confidence in the project because it’s being undertaken by Kennedy.
“He is a great developer for Paris. Whatever he has built has been successful.”
Coun. Shirley Simons said the new condo and boutique retail development represents another boost for downtown Paris.
“It’s a great, great idea Mr. Kennedy has,” she said. “He is putting another good product in our core. This building will allow more people to live downtown, work downtown and sleep downtown. It will keep the area vital and moving forward.”
A sales centre will open at 3 Elm St. in Paris on October 20 for those interested in purchasing commercial or residential space in the planned development.
A VIP event is being organized for late October and will take place at Salt & Pepper in Brantford, presented by broker/owner Jason Tangorra from Royal Lepage Brant Realty.
Kennedy has long worked in downtown Paris. A signature project is the re-opening in July 2012 of a building at 61 Grand River St. N. It included restoration of the upper floors to house a restaurant then called Kenu, with an expansive deck and a vista of the Grand River through Paris.
The work was accomplished with the re-use of original timbers and other in-situ materials to maintain a heritage look.
Stillwaters Plate & Pour now operates there.