Windsor Park Sold For a Steal

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The iconic downtown building has changed hands once again, this time to an out of town developer.  The 9 storey former hotel was sold for $825,000 and the developer plans to restore the building back to a high scale retirement home.

The new developer who has not been identified will invest another $3 million in restoration and renovations  according to local Realtor  Jamie Caicco.

The building has had a long history in the Sault Ste. Marie Downtown. It originally opened in 1895. The tallest building in the city for almost 80 years when the tower structure was added in 1931.  The building served as a luxury hotel up until 1996 when the bankrupted hotel was snatched up by Dr. Lou Lukenda who transformed the hotel into the Windsor Park Retirement Residence.

The building was then donated to Algoma University in 2010 – which used the building for a student residence. It was a move to bring young people back to the downtown area.

Recent budget cuts forced the University to put the building up for sale this year.  The university was seeking about $2.9 million for the landmark building.

 

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Craig Huckerby
Craig Huckerby is a seasoned broadcast and media professional with over 35 years in local media. Starting in television, Craig became known as "the weather guy" on local television before pioneering internet media in the Sault. Craig is credited for bringing local television back to the Sault via the internet in 2003 with LTVNEWS.COM and was instrumental in launching SooNews.ca and Local2.ca. Craig is happy to be part of the Sault's newest media team and website, SaultOnline.com

1 COMMENT

  1. A seniors place is an excellent idea, it puts them close to things. Especially with the lack of mobility vehicles and the outrageous prices of getting rides for anyone in a wheelchair makes it unattainable for most. So they are stuck out in the far flung areas of town like the Davey Home, where taking someone for a walk is not that exciting for them, there is nothing around to go to…except the hospital cafeteria. Again yipee let’s for for a coffee at the hospital. Hopefully this won’t be high end as stated, but available to all as is the Davey Home. Here is to hoping.

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