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Algoma Central Properties The Real Estate segment of the Corporation includes investment properties located in the cities of Sault Ste. Marie, St. Catharines, and Waterloo, Ontario. In Sault Ste. Marie, the segment owns and manages the Station Mall, the Station Tower and 289 Bay Street office buildings, and Station ‘49’, a residential apartment building. The segment also owns, but does not manage, the Delta Sault Ste. Marie Waterfront Hotel and Conference Centre. In St. Catharines, it owns and manages three office buildings known as 63 Church Street, 20 Corporate Park Drive, and 25 Corporate Park Drive as well as two commercial plazas, Ridley Square and Huntington Square, and a light industrial plaza known as Martindale Business Centre. In addition, the segment manages an office building in St. Catharines that is jointly owned. There are also three office buildings in Waterloo, located at 408, 410, and 412 Albert Street, collectively known as the Waterloo Technology Campus. In 2009, a total of $4,900 was spent for the modernization program of the Delta Sault Ste. Marie Waterfront Hotel and Conference Centre and general upgrades and tenant improvements to the Corporation’s other owned properties. In 2010, approximately $4,700 will be invested to complete the modernization program for the hotel and also for renovations, general upgrades and tenant improvements for our other owned properties. |
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ALGOMA
CENTRAL PROPERTIES
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