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Front Street building sold

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Sold: the Crisson Building at 71 Front Street, in the region of 90 years old, has changed hands and is about to undergo redevelopment (Photograph by David Fox)

The historic Crisson Building at 71 Front Street has been sold through Herb Crisson of Crisson & Co Ltd Real Estate.

Erected somewhere around 1930, the building predates the modern tourism era and was constructed in the period of the Great Depression. It has overseen the island’s best and worst economic fortunes.

Originally listed at $3 million, and more recently offered for $1.5 million, the three-storey structure was used primarily for decades as the most visible store for H.S. & J.E. Crisson, the century old business that moved a fine gems business there in 1981.

It came on the market as it was vacated by the Crisson & Hind Art Gallery, the most recent occupant.

The main Crisson Jewellers in Hamilton is now on Queen Street.

The new owners of 71 Front Street are somewhat tight-lipped about their plans, except to say the 5,200-square-foot, three-storey building will undergo redevelopment.

The purchase was made through an affiliate of Tuckers Farm Corporation, with principals including Sean Tucker and Kyle Tucker.

Kyle Tucker told us: “We want to invest in our home, Bermuda. We’re bullish on Bermuda and thrilled to have the opportunity to contribute to the Front Street community.”

Tucker’s Farm Corporation is described as being in the business of goat farming and capital allocation.

Mr Tucker explained: “Tucker’s Farm is a Bermudian goat farm, artisanal cheese dairy, and value-oriented holding company.

“In our goat farming division we have a small herd of dairy goats that are raised on grains, natural pasture and forage. Right now our herd stands at eighteen milkers and two billies.

“In our capital allocation division we make value-oriented, long-term investments with a permanent equity base. The farm has a highly flexible approach and invests across industries, geographies and the capital structure, with the sole mandate of finding and compounding the highest risk-adjusted cash flows over the long-term.”

Sold: the Crisson Building at 71 Front Street, in the region of 90 years old, has changed hands and is about to undergo redevelopment (Photograph by David Fox)

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Published September 20, 2022 at 7:27 am (Updated September 20, 2022 at 7:27 am)

Front Street building sold

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