Metropolis Under Discussion
By 250 News
The City of Prince George will be adding a special covenant to the property at 5th and Quebec Street. That is the lot which was supposed to be purchase by Yves Ghiai for the construction of “Metropolis”, a condo/retail project. (architectural rendering at left)
Last year at this time, Ghiai said he had to pre-sell the units before he could move forward with construction.
Now, the sign that had been posted on the lot at the corner of 5th and Quebec, has been removed. “We are still working with Mr. Ghiai” says Ian Wells of the City of Prince George Real Estate division. “We will know in a few weeks if he will be proceeding with a project on that site.”
Ghiai has not yet paid for the property, and Wells says no title will be transferred to anyone until there is a “performance covenant on the property”. That would ensure whoever buys the property will not let it sit vacant.
Wells doesn’t have any information on the Ghiai plans for a second block of property in Prince George, that was a section of land between Quebec and Dominion Streets along the south side of 2nd Avenue. Wells says the focus at the moment is on the 5th and Quebec site.
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