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Lofts Project Taking Shape in Historic Cotton Mills District

By Bob Peters
March 11, 2011

Cornwall Cotton Mill LoftsWork is well underway on the $12-million Cotton Mill Lofts project at the corner of McConnell Avenue and Cotton Mill Street.

The 54-unit condo development is expected to be completed in September.

"We're six months away," said Bob Pelda of RMP Construction Ltd., who's heading up the project.

Crews are now working on the interior of the five-storey building, which will include indoor parking on the first floor. Many of the building's original features - such as the arched pillars - are being incorporated into the design.

Sales of the units have been strong, and Pelda said a large number of them have been purchased from out-of-town residents from Montreal, Toronto, Hawkesbury, Brockville, Ottawa and even a few from out west.

The soon-to-be completed condo units offer impressive views of the St. Lawrence River, the Adirondacks and city landmarks such as Nativity Church and the Seaway International Bridge.

For Pelda, it's just the first step in a much bigger plan to redevelop the cotton mills district into a series of condo developments with related commercial and recreational spaces. He envisions an entire community within a community.

"This is going to change the dynamics of the city," Pelda said of the development plans for the area around the old CanadaCotton Mill (whichwas destroyed by fire in October).

The plan calls for 155 residential units to be built in four adjoining buildings over the next 7 to 10 years, at a total cost of $45 million. The development will also include 20,000 square feet of commercial space, and Pelda sees the development having a fitness centre, yoga room, medical office and a variety of other services on site. The residential units will come in a variety of sizes and price ranges, Pelda said, and the proximity to the waterfront and the recreational trail will make the developmentattractive to a wide array of potential buyers.

If all goes well, Pelda said work on thefirst phase of the project could begin later this year.

You can find out more about the development by visiting the Cotton Mills Cornwall website at www.CottonMillLofts.ca.

 

Category: Business