The Standard’s moving after 114 years on Queen

Source: CBC News

 
The real estate deal is set to close in late December.

Italo Ferrari, the new owner in-waiting of the 1.7-acre Queen St. property, said he has no immediate plans for the 44,150 square-foot Standard building, parts of which date to the 19th century.

However, Ferrari did indicate he’s thinking in terms of retail/commercial development for the Queen St. side of the building, with the possibility of tearing down warehouse space at the rear to make room for additional parking.

Standard managing editor Wendy Metcalfe said while there is a strong emotional attachment to the current home given the newspaper’s long history there, the facility was developed for a different era that included printing, production, distribution and warehousing.

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Business mentor, support program launched

Source: The Windsor Star

 
Downtown revitalization took another step forward Thursday with the official launch of a business incubator and mentoring program along with offers of free rent in six vacant storefronts from a downtown landlord.
Italo Ferrari, whose company Wilsondale Asset Management Inc. owns a half-dozen city properties, including 500 Ouellette Ave. and six adjacent storefronts, said the program is designed to help new businesses survive in a difficult economy and provide them with support until they can become established.

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We’re excited about Standard’s new home on St. Paul

Source: CBC News

 
Well, they say home is where the heart is and for us nostalgic newspaper folks, our hearts often lie in the old, historic buildings that have housed our craft for decades.

We all have fond memories of the smells and sounds of the onsite presses firing up. The buzz of the many different skills being put to test throughout the building to produce that day’s news…

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City gets new home offer

Source: The Hamilton Spectator
 

In the letter, Fercan’s general manager Italo Ferrari states the company has space to accommodate all the city staff, allowing the city to cancel leases elsewhere.

Bratina believes the deal would be cheaper than plans to renovate City Hall for $74 million, buy the Lister Block and lease more space…

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As City Hall Empties, debate Rises

Source: The Hamilton Spectator

 

… The developers finished that mall in 1990 for $77 million. Ten years later, after Eaton’s died and the mall tenants fell away, the mall was sold to a man named Italo Ferrari for $3.6 million.

In other words, he got a nearly new building for about 5 per cent of the construction cost. It’s a shame the city didn’t buy it.

But that was yesterday.

The city has struck a deal with Ferrari to move everybody into the mall while the work is done over on Main West. The job of organizing that big move falls to Gerry Davis, the city’s director of capital planning…

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