Another new residential development is planned for the Sault Ste. Marie downtown area.
Steve Perzia will outline his plans for a $20 million , 5 storey 103 unit apartment building at Monday’s council meeting.
Perzia describes the project as a residential complex featuring one and two bedroom units. The building will also include a sauna and exercise room as well as a party room.
The building will sit on the property that once was home to another apartment complex called Tara Hall. Tara Hall burnt to the ground in the late 1980’s. The lot has been vacant ever since.
The company, known as Perzia’s One Ten Pim Inc., will be seeking municipal tax rebates for the project. 100 percent in year one , dropping 25 percent over the next four years.
Council will be asked to approve the rebates Monday.