My exclusive story on the Molson Coors brewery sale to residential developer

The story behind my Globe and Mail story is that I got a tip from an industry insider who told me that the brewery had sold to Concord Pacific. This puts to end months of speculation about a mysterious Chinese syndicate that had attempted to crowd fund the building as an ocean view condo property. When I asked Molson about those media stories, their spokesperson said only that those stories were speculation and rumour. There’s a good chance we’ll never know what that was all about. For now, we are left to wonder if the city will cede to Concord’s plans for a residential mixed use project. Concord is a residential builder. The brewery is industrial. The developer paid about three times what the property is worth. Obviously, they have a plan, and it might takes many years to bring it to fruition, but I’m guessing they’re sticking to it.

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