The Town of Fort Frances will hold a meeting at the Civic Centre tomorrow (Sept. 24) at 7 p.m. to gauge interest from potential property developers and unit buyers to see if building another condominium here is a feasible venture down the road.
Economic development officer Geoff Gillon said yesterday the meeting is a follow-up from last year, when the town requested expressions of interest in developing the Front Street property located east of the Riverwalk Condominiums.
While two parties expressed interest in the property at that time, neither wanted to pursue a condominium-type development.
As such, Gillon was directed by town council to hold an information meeting to find out who in the community is interested, on some level, in a condominium development.
He added the town needs a better sense of the market—what people want and what they’re prepared to pay.
“The condo developers, the ones we’ve talked to, aren’t going to come to Fort Frances and do anything anytime soon unless we can prove there’s a market,” Gillon stressed. “That’s what the meeting is for.
“Basically, if we can come up with 30 or 40 people that are interested, then we could go back to a couple of these developers and say, ‘Here, there’s a marketplace,’” he added.
Gillon said he doesn’t believe the town wants to get involved in a condo development to the extent it did with the Riverwalk Condominiums, but is simply interested in at least finding out if there’s a market for a new condo and getting developers to look at it.