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Stone Road Malls developers Properties optimistic about having housing PAQB TWENTY- and commercial development Reprinted from The London Free Possible expansion the Westmount mall In south London Is among plans of Properties Ltd for increasing residential build ing and commercial develop ment during the next year or two We feel very bullish for both residential and com activities in 1978 President Ken Good said Tuesday Were looking to do a fair amount of building The company said it would like to expand by to 100000 square feet but this is totally dependent upon negotiations with tenant The mall which opened In 1971 now has stores and services covering square feet Its two anchor stores are a 936square foot Horizon Department store and a squarefoot Dominion Stores super market Nearby Centre which opened last July has square feet of retail space and two cinemas Good a major depart store Is expected to be included in the proposed expansion but nothing definite has been decided He said that 197B is the year of decision for West mount We have to look or ways to improve Mall Retailing is an ever changing business Meanwhile Sifton Prop erties is busy building single- family and rental accom and Increasing Its commercial holding The twoyearold mall was acquired from Elliott Investment Ltd of Toronto for more than million Good said the mall square feet Included in Sifton plans is a Joint venture with another company to develop a loo- acre property off Highway plana to open the sec phase of its Stone Itoad Mall in Guelph March The second phase Includes a squarefoot Sears store bring the total to stores and services covering square feet Good said the company la will be enlarged by up to east of Hutton Road looking for development opportunities in the south central and southwest parts the United States but as yet has no major holdings In that market had been involved jointly with Develop ment Corp of Hamilton in a rental condominium develop ment called 12 Oaks In North Palm Beach Good con firmed that his company sustained a loss when it pulled out of the project In 1976 He said became involved in the project shortly before the economy hit a downturn In any event the partnership with was a bad marriage Good said his company still owns acres of commercial land on S tin North Palm Beach plans to lease or sell It CONGRATULATIONS to KEN GOOD President Good said the company has more than 330 housing units- single family condominiums and rental under construction In London Sarnia Brantford and Guelph He said this Is an increase of per cent over the number last year Residential projects under way in Include condominiums and six single- family homes in Park Phase 4 at the southeast corner of Oxford Street and Hyde Park Road and singlefamily houses in the price range on Oxford backing on to the London Hunt and Country Club property Were fighting any price Increases where we can he said adding that new home prices are expected to in crease by up to five per cent this year Siftons has increased its commercial holdings with the recent acquisition of a mall Pembroke a foot building at 317 Adelaide St S at Commissioners Road In London and a former lumber outlet at London and Alton roads In The company plans lo enlarge the 35000squarefoot Sarnia outlet to square feet and convert it into retail space Good said the com pany will spend up to 100000 to modernize its building at Adelaide and Commissioners in London acquired from a Toronto company Purchase price was not announced but it li believed to have been more than million Congratulations to Sifton Properties Ltd and Stone Road Mall whitman CONTRACTING LIMITED Mailing Address Box 513 Waterloo N2J Street Address Chestnut St Kitchener to tide on opening stone Proud to be part of the past looking forward to the future LEONARDS EXPANSION Through Recommendation London Guelph St Tbomoi GIRLS 2 to 14 years BABIES up to 24 months BOYS 2 to 12 years UPTOAoPP to to SATISFACTION OR MONEY REFUN PeTtTS Canadas largest Childrens Wear Chain opens In STONE ROAD MALL OUR BRAND NEW CANDY SHOP WITH AN ICE CREAM PARLOUR IS NOW OPEN IN Stone Road Mall Its brimming with fine candies cakes and cookies and our own irresistable ice cream Canadas best loved gifts with that oldfashioned goodness for family friends and treasure hunters especially at Easter Do drop in soon rand mall