News Release
HRM to Issue Tender Call for Sale of Former TexPark Lands
(Thursday, March 11, 2004) - Halifax Regional Municipality will issue a Tender Call for the sale of the former TexPark parking facility next week (March 17th). In addition, it will take immediate steps to have the existing building demolished.
Located in the centre of downtown Halifax at 1591 Granville Street, the site is two blocks from the harbour front. TexPark was developed as a six storey parking garage with a service station in the early 1960's and the land was under a long term lease from the former City of Halifax. The lease expired and the structure was declared surplus in May 2002.
During the past decade, the municipality acquired parcels of land to the south of the TexPark site and eventually assembled the entire block bounded by Sackville, Hollis, Salter and Granville Streets.
HRM Real Property and Assessment Management officials say the most probable development for the former TexPark lands, given current market conditions and intelligence, would be for a hotel and/or high density residential-- both with some commercial component. It is not expected that any significant office component will be proposed.
"The site is a pinnacle property and will likely attract both local and national development interest. The price point for the project will in itself drive quality design and execution of the right development," said Mike Labrecque, Director, Real Property & Asset Management.
The Tender Call will include clear development guidelines as it is subject to Development Agreement with the municipality. The closing date for Tender submissions is April 30, 2004.
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John O'Brien
Corporate Communications Officer
(902) 490-6531
