Back to SearchHigh quality, mixed-used development features a diverse range of residential and commercial spaces that will complement work being completed by Sunray Group of Hotels and support year-round economic activity at Beach Area 1
“Stonebridge Building Group has presented the Town with an offer that represents fair market value, which demonstrates that they understand the value of this land and this development for the future of our community. 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. 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.” – Mayor Brian Smith
WASAGA BEACH – Today the detailed vision for a new mixed-use development on a portion of Town-owned land at Wasaga Beach’s iconic beachfront was unveiled. The high quality, mixed-used development features a diverse range of residential and commercial spaces that will complement work being completed by Sunray Group of Hotels and support year-round economic activity at Beach Area 1.
Stonebridge Building Group presented its plans during today’s regularly scheduled Council meeting. This comes on the heels of the Town of Wasaga Beach awarding an RFP to redevelop part of the Town’s iconic downtown and beachfront commercial area to the firm. The RFP covers a 5.18 acre portion of Town-owned property at Beach Area 1 between 1st Street and 3rd Street.
Highlights of the project include:
- Stonebridge will pay the Town over $14 million for this land, which represents fair market value.
- The project will include open spaces, a public park and a focus on live-work town homes with ground floor commercial space.
- In total the project will include over 150 residential units and 31 commercial units.
- The five-phase project is expected to be completed within the next three years.
- Phase 1 construction will begin in spring 2025. It includes 18 residential units and five commercial units.
- In addition to paying for the costs of demolition, Stonebridge Building Group will collaborate with the Town on redesigning 1st Street.
With the sale of this block of land to Stonebridge and the block of land to Sunray Group of Hotels, the Town expects to be net-positive on the Town’s original 2015 purchase of beachfront properties at Beach Area 1 and Beach Area 2.
Additional quotes
Mark Crowe, President, Stonebridge Building Group
“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."
About the Town of Wasaga Beach’s Downtown Redevelopment Project
The beachfront redevelopment project focuses on the beachfront commercial area around Beach Drive. The economic spinoffs will benefit the entire Town of Wasaga Beach. It is being guided by public input and the Town’s existing, approved Downtown Development Master Plan, which outlines the following metrics that will be used to measure its positive impact on the Town:
- direct jobs created
- new visitors annually
- % increase in overnight stays
- increase in spending
- increase in non-residential municipal taxes collected by the municipality
Related news:
Wasaga Beach Moves Forward, Selects New Partner for Redevelopment of Town’s Iconic Beachfront
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Media contact:
Sandra Watts
Director of Strategic Communications & Intergovernmental Affairs
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