Another round of positive economic news for St. Thomas this week.
Brantford-based Vicano Developments closed the deal to purchase 67 acres of industrial land on the southeast corner of Highbury Avenue and Ron McNeil Line, adjacent to the city’s new 1,500-acre industrial park, now known as Yarmouth Yards.
Vice-president Paul Vicano says they are working with Whitney and Company of Cambridge to find tenants for the site.
Sister company Vicano Construction was involved in building the city’s social services and housing hub at 230 Talbot Street.
Vicano tells myFM what he invisions for the property.
Like Vicano Construction, Vicano Developments is no stranger to the city with projects underway in the Dennis Drive Industrial Park.
He advises it is too early to determine when site preparation will begin.
Sean Dyke, CEO of the St. Thomas Economic Development Corporation, calls it a prime location right at the northern gateway to the city.
Vicano stresses Vicano Construction’s involvement with the 230 Talbot street social services project was their introduction to St. Thomas and played a key role with investing further in the city.
Vicano added, “We really enjoy working in St. Thomas and we see a great opportunity to continue and that is why we purchased this.
He praised the efforts of city staff in their land acquisitions.
“It’s honestly one of the easiest municipalities in Ontario and we work all over Ontario and we get along so great with everybody there.”
