Last hope for the James Avenue High Pressure Pumping Station ?

On August 6, 2013 an open house was held to present a new (and likely the last) development idea for the site. 

I say "the last" because since it has been shuttered since 1986. A number of potential buyers have come looking but the high cost to renovate the building, clean the machinery and remediate the land (all in return for a small amount of usable space) have driven them away. CentreVenture, the building's owners, have let it be known that they want this piece of land developed soon, with or without the building. 

The plan involves driving piles through the floor and adding a mixed-use, fourteen-storey tower on top. It would have a restaurant and market on the first two floors, three floors of office space and the rest would be rental apartments.

A catwalk and suspended floor above the machinery level would provide the space for restaurant and cafe seating.

A key element for the developers would be the city / province to commit to developing  parkade on the on the provincial land north of the museum, currently a large surface parking lot.

For more photos from tonight's presentation. For a history of the James Avenue High Pressure Pumping Station.