Closing date for Bayside Mall land sale extended
September 24, 2018 7:21am
The closing date for the city’s sale of the Bayside Mall lands has been extended.
The sale to Oakville-based Seasons Retirement Communities for $1 million was scheduled to close September 12, but has been pushed back to October 15.
In a report to Sarnia City Council, City Solicitor Scott McEachran said Seasons asked for the extension.
He said the company needs more time “to meet the city’s condition of sale requiring an agreement with County of Lambton staff as to the terms of a lease with the county.”
The Lambton Shared Services Centre is the mall’s major tenant.
Seasons already owns the downtown mall building and expressed interest in buying the land earlier this year in support of its $40 million-plus redevelopment of the property.