PICKERING, ONT.—The province is moving ahead with the sale of the Seaton Lands in Pickering, Ont. in order to make way for a community development that will be home to 70,000 people.
According to a release, the Seaton Lands have been provincially owned since the 1970s. They were meant to be developed for a community that would support an airport, but the plans were put on hold for years, as no airport has been developed, and the lands are now being sold on the open market to support urban development in Pickering.
The mixed-use community will support 35,000 jobs, the province states, with the sale including approximately 800 acres of employment lands and 269 acres of residential and mixed use lands.
In 2006, a plan called the Central Pickering Development Plan was completed by the province, in relation to land located between the CPR Belleville rail line and Highway 7 in central Pickering.
The plan is made up of three main components, explains a description from the City of Pickering:
an urban community (Seaton) located east of the West Duffins Creek;
an agricultural community (the Agricultural Preserve) located west of the West Duffins Creek; and
an open space system located along and adjacent to the natural areas, including the valley lands, wetlands and woodlots.
The Seaton lands were marketed on Jan. 7 to prospective purchasers with the sale being led by the Broker of Record, CBRE Limited. The proceeds generated from the sale will go to the Trillium Trust, which helps fund transit, transportation and other infrastructure projects across the province.
It is projected the provincial portion of the Seaton Lands will be sold by the end of 2016 or early 2017.
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