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    Post: McMorran's Beach House To Close
    Posted by: Sam on 11/19/09

    McMorran's Beach House in Cordova Bay closing next year,
    property to be sold

    McMorran’s Beach House is for sale and will close in April,
    putting prime waterfront property on the market.

    The municipality of Saanich already has a conditionally
    accepted offer on part of the Cordova Bay Road property
    which they will use as a park, but the remaining three
    lots — two waterfront — are for sale.

    The McMorran family property is an institution in Greater
    Victoria, the site of thousands of weddings, celebrations
    and meals since it opened in 1921. It has been family-owned
    and operated by the McMorrans for the past 88 years.

    But Wallace McMorran, the general manager of McMorran’s and
    the grandson of founders George and Ida McMorran, said it
    is too difficult to make the business profitable. The
    family put in “millions” in the 1990s, he said, improving
    the building and seismographically upgrading it. That
    increased business but not enough.

    “The return on the investment has been meager,” McMorran
    said. “There was tremendous effort and support from the
    community, but to be blunt, the restaurant industry is very
    low in profitability, particularly given the expenses we
    put in.”

    Saanich has a conditional offer to buy the grassy lot at
    5099 Cordova Bay Rd., essentially all the land south of the
    existing legal beach access. The municipality paid $869,000
    for the 566-square-metre lot that looks over Haro Strait
    and will rezone it as parkland.

    The offer came to the municipality on Thursday. They dealt
    with it in-camera on Monday night and voted unanimously in
    favour of buying the lot.

    “This is a decision council can feel proud of turning
    around so quickly. This type of opportunity — a vacant,
    accessible, open waterfront lot — doesn’t come up very
    often and it would have easily been snapped up by someone
    wanting to build a huge house, or subdivide to two lots,”
    Saanich Mayor Frank Leonard said.

    The municipality has until Dec. 15 to take off its
    conditions, which are another appraisal and checking for
    environmental contamination. Lots with tear-down houses
    along the waterfront side of Cordova Bay Road can sell for
    over $1 million.

    The final operating day for McMorran’s Beach House will be
    Easter Sunday, which falls on April 4.

    Charter’s Restaurant will close for the month of December
    to provide service for the busy holiday season in the
    Lookout Room banquet room. The restaurant will re-open in
    January and will close permanently along with the Lookout
    Room in April.

    McMorran had hoped Saanich would buy the entire property
    and use the renovated banquet area as a community centre.
    But Leonard said there is “no rationale for the
    municipality to own a restaurant or whatever the building
    would be used for.”

    The three properties will be publicly listed “in the low $3-
    millions,” McMorran said.

    McMorran would like to sell the waterfront lots together,
    preferably as a package for redevelopment. He hopes that
    will be a “contributing factor to the village core in the
    community.”

    It could be one of the biggest redevelopments the Cordova
    Bay area has seen.

    The land is zoned residential and commercial. Any
    redevelopment would be carefully watched by the Cordova Bay
    Community Association and council.

    “Anyone wanting to change the land use or wanting more mass
    there would require rezoning. It’s an incredibly sensitive
    site that the community feels quite passionate about,”
    Leonard said.

    Roger Stonebanks of the Cordova Bay Residents Association
    said the closure comes as a surprise to many “and with more
    than a little sadness. Its history goes back to the 1920s
    when the McMorran family started their beachfront Tea
    Rooms. In the years since then it has been a prominent
    feature of community life in Cordova Bay — the scene of
    many wedding receptions, ballroom dances and community
    meetings — as well as a restaurant and patio.”

    Area residents will keep a close eye on redevelopment plans.

    “Residents will look forward to a thorough community
    consultation and input process including public meetings
    for whatever will be proposed in its place. Whatever is
    proposed will be examined closely by residents and it will
    need to 'fit into' the neighbourhood,” Stonebanks said.



    Posts on this thread, including this one

  • McMorran's Beach House To Close, 11/19/09, by Sam.

     
     
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