November 2012 – Business Venture by Heather Grummett
Reconstruction of the downtown Gummer Building is nearing completion, with tenants scheduled to move in for December.
Now deemed a heritage site by the City of Guelph, Skyline acquired the historical Gummer Building, Victoria Building and Stewart Drugs Building on Douglas Street, which were all damaged by fire in April of 2007. Having redeveloped the site, Skyline has preserved the facades and other historical features of the buildings while creating a modern, eco-sensitive commercial and residential complex in the centre of downtown.
Skyline will consolidate approximately 50 employees from its Fountain St. and Scottsdale Dr. offices to one main location, taking up the entire third floor at 1 Douglas Street. The six-storey building combines main floor retail, second and third floor office space, with the top three floors as residential apartments. A contemporary fitness facility in the lower level is available to all tenants, both residential and commercial.
With the majority of the retail space rented, downtown patrons will soon have access to a new yogurt franchise, a 4,000 square foot Italian restaurant with patio, and a hearing clinic. One main level 3300 square foot retail suite is still available for lease. Over half the office space is already rented in this high profile building, with only 11,500 square feet remaining. An additional 5000 square feet of lower level basement space is also available, whether for office or retail. Well-lit and well designed with high ceilings, this is a great space at a reasonable rate and can be divided to suit a tenant’s needs.
Available are one, two, and three bedrooms suites, some with dens; these 18 luxury apartments offer tenants spacious layouts overlooking the city and Downtown Guelph. Complete with six appliances, each unit includes all kitchen appliances including microwave and dishwasher as well as in-suite laundry. Each suite is finished with engineered hardwood, granite counters and high-end mill work throughout.
Private balconies are offered in seven suites, with all tenants sharing a common rooftop terrace with stunning views of the downtown and Church of Our Lady. Top floor suites with floor to ceiling glass offer spectacular views down Douglas Street. The upper scale suites rent for $1100 to $2000 per month and are already 50% leased with tenants moving in for December first.
View the original article as it appeared in Business Venture.