T
he city is looking for a realtor to market and sell Keefer Mansion, a historic property in Thorold. The iconic heritage building at 14 St. David St. W was built by Hugh Keefer in 1885 and has had various uses over the years, including serving as a hospital and long-term care home. Its rich history has earned it a reputation as one of Thorold's most haunted properties.
In 2002, the city purchased the property to prevent its demolition and entered into a 30-year lease agreement with Keefer Developments. The company was required to restore the building to its original condition in exchange for affordable rent. However, earlier this year, Keefer Developments sought to terminate the lease, citing City Hall's refusal to release them from their contract.
Nine months later, it appears that the city has allowed Keefer Developments to exit the lease agreement. A recent posting on the city's procurement page seeks real estate agents with experience in listing and selling historic properties to market Keefer Mansion for sale. Interested parties can submit bids until November 28. City officials declined to comment on the matter due to legal considerations, while attempts to reach Keefer Developments were unsuccessful.
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Keefer Mansion poised for potential sale in near future
City Seeks Realtor Services to Market Historic Keefer Mansion for Sale
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KingSett freezes withdrawals from $1.9 billion flagship private equity fund.
Investors locked into the fund for at least one year due to no cash distributions or redemptions allowed.