Wednesday, 3 July 2013

Deadline to submit purchase proposal is Aug 15

CBRE is promoting old hospital site for development
By Mark Schadenberg
The site of the former Woodstock General Hospital on Riddell Street is on the market and is listed by CBRE.
It’s been discussed in this space previously, but the plan is to sell the land to one or more residential builders and for the acreage to be developed into both low and medium density homes. This translates into nothing higher than likely a 3-storey structure, but more likely a mix of townhouses and detached homes.
Always always always keep in mind that site plan and subdivision proposals must eventually (later) also get the blessing of the good folks on city council.
If you stare long enough at the listing posted by www.cbre.ca (historically called CB Richard Ellis), you will note that the parcels are on both sides of Riddell Street in the blocks surrounded by Brant and Vincent streets.
Land is two parcels
As this process has been in the works since before the aging healthcare facility closed its doors in November of 2011, both the city and county councils have rezoned the property (about 8.4 acres; 6.4 acres on hospital site and 1.97 acres across street in previous staff parking area) from community facility to low/medium density use. However, a nursing home, private school or even a church could qualify under this designation.
It will be interesting to watch this process continue in its evolution as the time needed to tear down the olde buildings has only been a small fraction of the ‘new look’ planned. Parts of the former hospital dated back to the 1800s and the demolition (contract was awarded to Priestly Inc by the Board Of Trust) has included salvaging or recycling as much as possible.  
The actual selling of this vacant land with the assistance of CBRE (with the offers considered by the hospital board of trust) will be by a modified tender submission with the deadline of August 15.
The CBRE contact is broker Kevin MacDougall at (519) 673-6444.
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A Woodstock Hospital background press release
LINK:
http://www.wgh.on.ca/wgh/index.php?option=com_content&view=article&id=557&Itemid=327
Woodstock Sentinel-Review story
LINK:
http://www.woodstocksentinelreview.com/2013/07/03/woodstock-general-hospital-property-officially-on-the-market



Mark Schadenberg
Sales Representative
Royal LePage Triland Realty
757 Dundas St, Woodstock
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage

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