Vision for mixed-use development on Wasaga Beach's beachfront unveiled
The vision to transform the iconic beachfront in Wasaga Beach with a mixed-use residential and commercial development was unveiled to council on Thursday.
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Stonebridge Building Group presented its plan to develop over five acres of town-owned land along the beach.
The proposal includes more than 150 residential units, 31 commercial spaces, and new public parks.
“They are ready to get shovels in the ground on a high-quality, mixed-used development that will complement the work being done by Sunray Group of Hotels and support year-round economic activity at Beach Area 1,” said Mayor Brian Smith.
“All of this aligns with the Town’s plans to reinvent our main beachfront and commercial area. It also validates council’s decision to accept nothing less than the best deal for the taxpayers and full-time residents of Wasaga Beach,” the mayor added.
What’s Planned?
The five-phase development will cost Stonebridge over $14 million to acquire the land and will feature mixed-use townhomes with ground-floor commercial spaces, and open spaces and public parks for community use.
It will also include a focus on creating a live-work environment to attract residents and businesses.
Phase 1, set to start next spring, will include 18 residential units and five commercial spaces.
Economic Benefits
The project is a key step in Wasaga Beach’s effort to revitalize its main beachfront and commercial area.
Combined with the hotel project led by the Sunray Group, the Town says the development ensures it will recover its investment in purchasing Beach Areas 1 and 2 back in 2015.
“This project marks an exciting chapter for us as we continue to build vibrant, sustainable communities that connect people with the natural beauty of their surroundings. We are committed to creating a dynamic and integrated development where the community can live, work, and thrive,” said Mark Crowe, Stonebridge Building Group president.
The entire project is expected to wrap up within three years.
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