Land involved in controversial Charlottetown development up for sale

At least some of the land that was meant fora controversial condo development in Charlottetown is now up for sale.

Phillip O'Halloran has been trying to develop the properties on Chestnut and Passmore Streets since 2015. The process involved demolishing eightbuildings in the area.

• 8 Charlottetown homes approved for demolition
• Charlottetown houses come down to make way for condo

The property is listed at 55 Chestnut Street, with an asking price of$1,586,000. The ad lists it as a shovel-ready development with all the approvals in place for "upscale apartments in two buildings", one with 16 units and one with 27.

The original planwas to build one 57 unit condo building with commercial space on the bottom. That plan was approved in May of 2016, but not before some push back from the community.

• Charlottetown condo development not welcomed at public meeting
• Residents concerned about vacant lot on Passmore street

Then, things changed. The project was instead approved for two four-storey buildings. Onea 27-unit building on Chestnut Street and the other, a 16-unit building on Passmore Street.

• Developer keen to get to work on 2nd condo plan

City hopes landsells

O'Halloran is in the process of finalizing a development agreement with the city that could be transferred tothe next owner. If that owner wanted to change something they would have to go back through council.

"I don't think anyone would want to buy the property without a development agreement signed and a plan in place," said Councillor Greg Rivard, Chair of the Planning and Heritage Committee.

"It's a long process to develop any kind of property in Charlottetown, and that one specifically has been a while."

Rivard said staff arehoping that agreement will be finalized by the end of next week. After all the work that went into getting the project approved, the city hopes it sells.

"We're definitelyhoping that it doesn't stay there for a long period of time," said Rivard.

O'Halloran spoke to CBC but didn't want to give details of his plan or why he is selling. He did sayhe is working with the city to finalize the development agreement.

O'Halloranwouldn't confirm how much of the land is for sale, or if he still plans to develop any of it himself. He simply said he is looking at all the options at this point.

"We'll see what happens." he said.

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