Orillia’s waterfront redevelopment project continues with plenty of lawyers going over the the fine print so the City can sell of 70 Front Street North, which was purchased in 2016, with the intent to extend Coldwater Street to Cetennial Drive and redevelop the 9.75 acre southern portion of the plaza.
Three developers have been shortlisted and a request for proposals will likely be released in spring 2020. It’s anticipated public consultation will tke place in fall 2020.
The legal process to secure the City’s right to redevelop the southern portion of the site by expropriating certain lease rights from existing tenants which could affect future redevelopment also continues to move forward. The City is not expropriating Metro’s rights to operate a grocery store on the property.
“The City of Orillia is fully committed to the waterfront redevelopment project. This catalytic project will revitalize the core of our city and breathe new vibrancy into our downtown waterfront area, which is in complete sync with the City’s recently adopted strategic plan,” said Mayor Steve Clarke.
What will go on the property is the great unknown, but that hasn’t stopped feelers from being put out.
“The Waterfront Redevelopment Project is an exciting development which is drawing the attention of developers and business owners,” said Laura Thompson, Manager of Real Estate and Commercial Development. “We are already receiving interest from investors and entrepreneurs who have heard what’s happening in Orillia and are approaching us to ask how they can locate new stores, restaurants and services on the property.”
City council has allocated funds for the demolition of the southern portion of the property.
More about the project can be found at: https://www.orillia.ca/en/doing-business/waterfront-developmentnew.aspx