Local firm begins work on multimillion-dollar development
AMHERST - A local firm has started work on a multi-million-dollar commercial project on Robert Angus Drive.
Crossman Capital Inc. has begun clearing land next to Scotia Hyundai on a project that should take three to five years to complete.
"It's a fairly large project over 16 acres," said a source close to the development who asked that his name not be used. "It's going to be a commercial and high-end residential development."
The source did not want to identify who is behind the company other than to say it's a local firm that has been involved in other projects in the community.
The land was recently purchased from Canterra Holdings and there's plenty of room for future development of the property beyond the initial plans.
At this time it's unknown what the plans are for the site, although there is speculation a car dealer may be one of the commercial tenants.
"We plan to do a lot of stuff up there and things will begin happening very soon. It's a good piece of property," the source said.
While the economy continues to be in the doldrums because of the recession, the source said the local company has confidence that things are going to get better locally and around the region.
"We still believe in Amherst. These are weaker times, but sometimes this is the time to do things," he said. "We're here for the long term."
The development is just the latest along Robert Angus Drive and builds on progress that began several years ago with the construction of Tantramar Chevrolet and Jim Hatheway Ford. It was a couple of years ago that Scotia Hyundai opened along the strip.
Other new projects on the street include the Amherst Pharmasave and medical clinic that opened several years ago at the corner of Church and Robert Angus as well as the Dairy Queen and Wal-Mart, that have been on the lower end of Robert Angus for nearly a decade.