50949_WKBW_7_Problem_Solvers_658x90.png

Actions

Ambitious plans laid out for Central Terminal

Posted at 6:43 PM, May 26, 2016
and last updated 2016-05-27 08:55:23-04

The buzz surrounding the potential of Central Terminal has made its way north of the border, and now Toronto-based Stinson Developments is leading the conversion of the nearly 600,000  square foot space.

The firm plans to invest close to $100 million to transform it into a new mixed-use community.

Developer Harry Stinson says he plans to build hundreds of townhomes, a boutique hotel, and office space with a shuttle connecting people to the nearby medical corridor and downtown - a move supported by district council member Dave Franczyk.

"I'm happy there's this great interest and that the developer has some very exciting projects in other cities like Hamilton and Toronto," Franczyk tells 7 Eyewitness News.

"He's taken old school buildings very large buildings and renovated them into multi purpose buildings and housing."

Developers are hoping to have tenets moving into the office, commercial, or townhomes within the next two years.

Filmmakers from Hollywood are also starting to take notice of what the eastside has to offer. Movie makers are pumping nearly $70,000 into the vacant train terminal to get the landmark ready for its close up in the movie Marshall, which is based on the life of Thurgood Marshall, the first black Supreme Court justice.