CALGARY — Internationally-known restaurant Osteria de Medici, which has hosted Hollywood stars to former U.S. President George Bush, goes before the Calgary Planning Commission on Thursday for approval of an application to re-designate its Kensington property to accommodate a mixed-use development.
The restaurant, owned by the Terrigno family and located at the corner of 10th Street N.W. and Kensington Road, has been in operation on the site for more than two decades.
Mike Terrigno said the family has plans to eventually build an eight-storey building which would comprise retail on the main floor with residential condos above.
He said 20 per cent of the building will be for commercial use.
"It’s a function of the economy," said Terrigno when asked when the family hopes to start the re-development. "Whenever the economy bounces back, we’re going to jump on it."
He said the restaurant itself will continue to operate as part of the re-development.
Annie MacInnis, executive director of the Kensington Business Revitalization Zone, said Kensington has been identified as one of the city’s areas that is very appropriate for transit-oriented development because of the C-Train line nearby.
She said the Osteria de Medici site was one of the sites in the neighbourhood identified as appropriate for bigger development under the area re-development plan.
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