August 22, 2016; Liverpool, NS: Some new real estate signs will soon be appearing in Liverpool, which may lead to further growth in the local business and residential community. In June of 2016, following a Request for Proposals (RFP) for Commercial Real Estate Brokerage Services, Turner Drake & Partners Ltd. was awarded the contract by the Region of Queens Municipality. This week ‘for sale’ signs will be erected for Queens Crossing properties adjacent to Queens Place Emera Centre, and the former Nauss Brothers’ land behind Barss Street.
The Region of Queens Municipality owns several pieces of land which were purchased with the intention of selling them for commercial and/or housing development purposes at fair market value. In addition, on April 12, 2016, Council approved the Strategic Priorities for the next three months, which included the direction for the Planning Department to conduct a review of the Region’s property portfolio for surplus property, which could be sold at fair market value. The pieces of land highlighted in the RFP were three parcels around Queens Place Emera Centre, which are zoned Highway Commercial (C2) and the former Nauss Brothers land behind Barss Street in Liverpool (approximately 32 acres), which is zoned Restricted Residential (R1). In addition, the RFP allows for additional properties to be added to the sales portfolio, as the review of the Region’s property portfolio reveals surplus property with development potential.
This is the first time the Region of Queens Municipality has retained a real estate firm to market the land. Revenue from the sale of the surplus municipal properties are not forecast or budgeted in 2016 / 2017, and will contribute to the municipal reserves.