Progress on the City of Orillia's waterfront redevelopment project for 70 Front St. N continues.
The City is working with Deloitte, the City's project consultant and its solicitor to navigate the legal processes required to prepare the 9.75-acre site for sale and future redevelopment by one of the shortlisted proponents announced in June 2019.
It’s expected the Request for Proposal (RFP) document, which is currently being developed, will be released in Spring 2020.
Mayor Steve Clarke says the project will revitalize the core of the city and breathe new vibrancy into the downtown waterfront area,
"Over the last year the City has made huge strides on the waterfront redevelopment project," adds Councillor Tim Lauer, Chair of the Waterfront Working Group. "Council started the expropriation of lease rights process to prepare the lands for development, we've narrowed down a list of developers to three qualified proponents and Council allocated funds for demolition of the southern portion of the plaza."
City staff have been actively de-risking the site, which is a process of eliminating potential development roadblocks that could prevent or obstruct the future redevelopment of the southern portion of the site.
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 at 70 Front St. N.
Once redevelopment proposals are received, the City of Orillia will carry out a public consultation process to gather resident feedback on the three proposals before selecting the successful proponent. It's anticipated that public consultation will take place in the fall of 2020.
"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."
For more information on the project, click here