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SmartCentres REIT is maximizing the value of 3,500 acres of land through an ambitious development program that will see over half of their 166 country-wide properties undergo intensification. Branching out into residential development under their SmartLiving brand, the company's evolution is manifested in the under-construction Transit City development, and further demonstrated in recently announced projects in other Ontario municipalities like Pickering and Barrie. In the Town of New Tecumseth north of Toronto, SmartCentres REIT's project at Highway 89 and County Road 10 in Alliston will replicate the mixed-use nature of Transit City, but adapt it to the local context.
The 36-acre property at 30 Dunham Drive is located approximately three kilometres east of the Alliston main street. Like many SmartCentre properties, the site is currently anchored by a Walmart Supercentre, with Dollarama and Tim Horton's serving as other major tenants. SmartCentres Alliston has been in operation for 10 years.
In 2019, the Town of New Tecumseth completed its Official Plan review and expanded the land use permissions on the property to include residential uses. A long-term vision for the site was established when SmartCentres submitted a Zoning Bylaw Amendment application in February, 2020 to create a mixed-use community to support the growth of Alliston. The masterplan proposes to enhance the site's existing retail program with commercial uses positioned along Highway 89. At full build out, approximately 350 residential suites would be built under the plan.
The first phase, for which a Site Plan application was submitted in May, 2020, introduces a three-storey, 42-unit rental building to the property. Built under the SmartLiving residential brand and designed by Stantec, the wood-frame building is modest in scale, adapting to the local built form. Up to 10 buildings could be built across the whole property in further phases.
Floor plans are larger than those typically found in more urban municipalities, with a mix of one- and two-bedroom units ranging in size from 566 to 875 ft².
Additional information and images can be found in our Database file for the project, linked below. Want to get involved in the discussion? Check out the associated Forum thread, or leave a comment below.
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| Related Companies: | SmartCentres REIT |
