The old tavern property at the corner of King Street and Victoria Road in Bridgewater is again under new ownership.
Halifax-based firm, AMK Barrett Investments, is listed as the new owner of 777 King Street, once home to the King's Corner Bar and Grille site and other business interests over the years.
Online property records indicate the 2,500-square-metre site sold earlier this year for $425,000. The records show it was listed for sale at one time for as much as $695,000.
AMK Barrett Investments is fronted by Adam Michael K. Barrett, who's also president of city-based Black Seal Properties, another company that owns and is developing other King Street sites such as the former BMO building.
Town council recently sanctioned a four-storey addition to the former bank structure at the corner of King Street and Phoenix Street as part of a six-storey, 19-unit residential development with ground floor commercial space.
Meanwhile, no plans concerning the old tavern property being made public by its new owner.
"We are currently focused on several other projects, including a few projects at the other end" of King Street, said Colin Hicks, listed on the province's Registry of Joint Stocks as a secretary with Black Seal Properties.
Black Seal, Hicks told LighthouseNOW, is going to acquire the tavern site from AMK Barrett Investments "and we will explore it's future development potential."
"The location deserves an attractive structure," Hicks added. "We just have to perform our due diligence and work through the development process to determine what might be feasible."
Bridgewater's mayor, David Mitchell, was aware the property changed hands but whatever he's been told about plans for the site, he told LighthouseNOW they are unofficial and "not mine to share."
Sharon Saulnier became the owner of the site in 2014 when it was called the Tops'l Tavern. The name was then changed to King's Corner.
Tops'l's was the business' namesake from 1963 until six year's ago. Orland and Earl Johnson opened the tavern and had it until Doug and Murray Rhodenizer bought the place in 1975.
Doug's daughter, Sheila Rhodenizer MacKay, took over ownership after her father died in 2011.
Rhodenizer MacKay sold the business three years later.