Hotel Dieu Sold to Seasons

Walker Industries, in partnership with Mountainview Homes recently sold the former Hotel Dieu Hospital Site in St. Catharines, Ontario to Seasons Retirement Communities.

Hotel DieuThe site was originally purchased by Mountainview and Walker in 2006, from the Niagara Health System. The two companies originally intended to work together to develop a mixed use residential area but eventually Walker and Mountainview shifted their sights to selling to developers interested in building senior-focused housing.

A number of interested developers looked at adaptive re-use of the existing hospital building, but the interior layout didn’t lend itself to what most developers wanted to do and it wasn’t financially viable. For this reason, Seasons will be demolishing the old hospital and creating a new building, which is set to begin construction sometime this year.

“It’s a fabulous location,” Mike Watt, executive vice-president of Walker Environmental said. “A lot of amenities are within walking distance, and from a health-care perspective, obviously the new hospital is very close by. There’s the whole downtown resurgence and the redevelopment going on. We all saw the opportunity that having that kind of housing downtown would have.”

Watt went on to say “The whole venture would not have been possible without assistance from the City of St. Catharines through their Tax Incremental Financing (TIF) program. It has truly been a win-win for everyone.” The TIF program offers grants to assist private sector redevelopment projects.

The senior-focused community will provide a full spectrum of care options from independent living to assisted living, including memory care. The site will feature independent townhomes, a senior’s apartment building and an apartment complex, all within walking distance of downtown. The project will create a significant number of construction jobs and will ultimately produce up to 100 full-time and part-time skilled jobs to support our retirement community residents.

St. Catharines Standard Article – $145 million senior development on old hospital site
Seasons Press Release

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