Harry Stinson just sent out an email to around 200 people who had expressed interest in his now-defunct Royal Connaught plan to provide an update on the deal and his desire to see it - or something similar - come to fruition.
1 King West, Toronto, seen from Front St. (RTH File Photo)
He acknowledges that the vendors who own the Connaught are "concurrently considering other options" but that Stinson is still "in regular communication with them" and "working constantly on securing the funding."
Citing "an enormous pent-up market for well-designed, multi-use development in the centre core", Stinson also suggests that he may end up "creating a similar scale and flavour of project, even if on an alternate site."
Here is the letter in full:
No doubt you have seen and/or heard media reports on the status of the Connaught project. It is true that our purchase has not closed yet, and that the vendors are concurrently considering other options.
It is also true that we remain in regular communication with them and that I am working constantly on securing the funding.
During the months that we have been working on this project we have become even more convinced of the potential for not just the redevelopment of the Royal Connaught, but the potential for downtown Hamilton.
There is an enormous pent-up market for well-designed, multi-use development in the centre core. We very much hope that the Royal Connaught itself will be part of such a development, given its heritage and architecture.
However, I am committed to creating a similar scale and flavour of project, even if on an alternate site.
We appreciate your interest, and would encourage your comments and ideas.
As the saying goes, "stay tuned for further details!"
Thanks to the RTH reader who forwarded the email to us.
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