After stone seawall along P.E.I. property sparks outrage, local developer buys it for his home
Two properties totalling more than 60 acres on Prince Edward Island’s North Shore, including the half-built residential development at Point Deroche, now have a new owner.
![After stone seawall along P.E.I. property sparks outrage, local developer buys it for his home](https://i.cbc.ca/1.7071471.1703891039!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/tim-banks-point-deroche.jpg)
![P.E.I. developer Tim Banks, CEO of APM group, finalized the purchase of more than 60 acres of property that includes the controversial house under construction at Point Deroche on the Island's north shore. Banks plans to use the home as his primary residence, but says a rock seawall will remain at the property. A man with a white beard and dressed in a red Santa Claus sweater looks at building plans at a desk.](https://i.cbc.ca/1.7071471.1703891039!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/tim-banks-point-deroche.jpg)
Two properties totalling more than 60 acres on Prince Edward Island’s North Shore, including the half-built residential development at Point Deroche, now have a new owner.