Sarnia’s long anticipated sale of the Bayside Mall lands to Seasons Retirement Communities did not close as scheduled on Nov. 29.
The $1 million sale was conditional on Seasons and Lambton County reaching agreement on a lease for county offices.
Although progress was made on the terms of the lease, and the deadline extended twice, a deal wasn’t reached and the sale agreement has expired, City Solicitor Scott McEachran said.
The company and county staff continue to work on the lease and will advise when it’s ready for consideration by Sarnia’s new city council, he said.
Seasons has said it plans to invest $40 million in downtown commercial and residential development, including a 12-storey retirement home on the mall site.