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.