“We have nothing concrete and we are in studies to see what we can do,” says Mr. Custeau. Our plan is ultimately to expand the building in height. We just got real access to the building, but that’s the next one we’re tackling.”
The Tribune revealed in September 2023 the Custeau Group’s interest in the building built in 1925. The transaction was finally formalized on October 1 for an amount of $1.8 million. The delay is due to relocation issues with the Salvation Army which found “in the extremes» new premises in the city center in August. The building belonged to the charitable organization which acquired it from the Corporation de développement du center-ville de Sherbrooke in 1997.
Charles Custeau confirms that the building’s vocation will remain commercial.
“We are open to everything, but the surface area is not very large and it does not lend itself very well to a residential project,” confirms Mr. Custeau. There is great potential to bring new businesses or restaurants to the city center.”
Mr. Custeau also said he was delighted with the arrival of Santa Maria Tacos as well as the Madame B restaurant downtown in recent weeks.
This acquisition brings to nine the number of buildings belonging to the Custeau Group on Wellington Street South. The Salvation Army building was also the last one not to belong to it in a whole series of buildings surrounding the two towers of Espace Centro.
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