The Residences of the Hotel McGibbon
Main Street & Mill Street
The preliminary stages of building a mid-rise luxury condominium atop the McGibbon Hotel have begun.
Georgetown’s SilverCreek Commercial Builders Inc. has been working on finding a way to revitalize the famous hotel since 2014. Now, the company has officially submitted an official plan amendment application and a zoning bylaw amendment application to the Town of Halton Hills to get the project going.
“This project is very near and dear to our heart,” Don Jackson, General Manager at SilverCreek, said. “We’ve done an unconventional approach by trying to consider every aspect of the impact it will have on the downtown core.”
Currently, the McGibbon is not strong enough to house the proposed 11-floor, 125 condo building. (1,100 to 1,200 square feet/unit), • 256 parking spaces, • 12 storeys, which includes a mechanical floor.
To host the new development, the McGibbon will have to be made structurally sound and will undergo a complete rebuild using as much original material as possible. “We committed that we would save that corner,” Jackson said. “But the engineering in that building is not stable, it can’t be salvaged or constructed properly. So we’ve committed to replacing the building using as much original material as we possibly can.” They have planned on salvaging the windowsills currently in the McGibbon as well as the hotel sign hanging off the sign of the building. They also sent some of the building’s brick off to a company in England to be replicated and used in the new structure.
“It’s going to look like the same old corner,” he said. “It will just have a better retail front on it as well.”
The entire project will cost over $50 million to build and will be completed by 2018, but that number is still an estimate.
“The construction phase will take 18 months. To get there, we anticipate roughly 16 months [of planning],” Jackson said. “But that’s the variable. There are a lot of agencies involved… and everybody has to sign off.”