The province has recently predicted Niagara will grow by almost 170,000 residents by 2041 which translates economically to 80,000 new jobs. Niagara’s growth and how to facilitate that growth has been top of mind for local officials as of late. Communities across Niagara with shovel ready lands are individually establishing plans for smart growth expansion. In particular, the three following municipalities are home to the most anticipated new communities in Niagara.
Thundering Waters Secondary Plan- Niagara Falls
The city of Niagara Falls has entered into Phase 1-2 of the planning process to develop the Thundering Waters Secondary Plan. The plan will focus on developing a new 484 acre community in Niagara Falls centred around the Thundering Waters golf club and the Stanley Avenue Business Park the area is also defined by the Hydro Canal and Welland River. In November of this year, Niagara Falls announced a $100 million dollar investment from the Chinese government's real estate arm CITIC Asset Management. The community, which will mix retail/commercial with residential and tourism entities and green space is proposed to cost $1-billion to develop.
For more information on Thundering Waters click here.
East Fonthill Secondary Plan - Pelham
The OMD approved the East Fonthill secondary plan in early 2014, the new in-construction community runs along Regional Road 20 and along Rice Rd. to south of Merritt Rd. The community includes a mixture of four residential communities, new roads, significant retail/commercial developments and a greenlands system. Planned institutional and commercial developments include a retirement facility, a $37 million dollar multiuse complex, a medical centre/campus and the new Wellspring cancer treatment centre.For more information on East Fonthill click here.
Grimsby Waterfront - Grimsby
Grimsby's waterfront along the north service road between Casablanca and Oakes Road N. has been in a state of growth for a number of years. A heavy lean on high density multi-residential builds has brought a new commercial and residential community to the waterfront. With three separate builders developing their own communities, the waterfront is selling out of available retail/commercial, residential and office space. The area on both sides of the highway support commercial growth as a hotel, restaurant, grocery store and automotive entities are anchors for the community. To complement the growing community the Town of Grimsby is undertaking a waterfront master plan that will provide accessible waterfront trails, facilities for beach goers and a commercial/residential waterfront promenade called the Village by the Lake District.
For more information on Grimsby's waterfront click here.
As the Niagara region and it's municipalities start working more closely together to faciliate future growth, look for new communities to continue to emerge as well as new economic oportunities. To learn more about these upcoming communities and their commercial opportunities connect with me here.