The sale of some prime waterfront land in downtown Orillia is a done deal.
The city has closed finalized the sale of nearly 9 acres of land along Front Street, to the FRAM building group.
The city chose FRAM after putting out a call for proposals for the former industrial land.
Its plan includes a mix of uses, including townhouses, an eight story residential and commercial building as well as green space and pedestrian links. The land sold for 10.5 million dollars.
You can find out more here about what is being proposed for the property.
The City of #Orillia is pleased to announce the sale of municipally-owned lands for redevelopment located at and around 70 Front St. N. to @FRAMSlokker is now complete. The sale is a major milestone anticipated to add new residents & jobs.
Details: https://t.co/VPNVwPQqUZ pic.twitter.com/B96enMhsR2
— City of Orillia (@cityoforillia) April 5, 2022