185 227 Lorne Street, Greater Sudbury

Attention Developers: Sudbury's iconic ""Northern Breweries"" building is now for sale! The existing structure features a main level footprint of approx. 33,700sqft and total area of +/- 60,000 sq.ft (to be verified by purchaser) and has been a landmark in Sudbury for over a century. It has since been reimagined as ""The Brewer Lofts"", the largest adaptive reuse project north of the GTA. The project at 185-227 Lorne & 0 Victoria contemplates a mixed use residential/commercial development with 50 residential apartments/condos and approx. 20,000 sq.ft of commercial/light industrial space, with a broad range of permitted uses and a variety of special site-specific allowances. The Site represents approx. 2.1 acres, including a by-law approved option to purchase a portion of Alder Street from the City of Greater Sudbury. The property is exempt from Development Charges (DCs), has been approved for a Tax Increment Equivalent Grant (CIP Program) worth up to $4.1M and has access to other grants in the City's Community Improvement Plans & Incentive Programs. Please note that there will be no asking price on this offering. Pre-qualified buyers who have signed a Confidentiality Agreement and reviewed the Due Diligence materials may arrange for a site visit. (id:1945)