Minto council is set to consider the sale of 3.6 acres of land in Palmerston Industrial Park at its next meeting on Tuesday. The proposed buyer is an Orangeville-based real estate developer who wants to build an industrial mall there.
Golden Canadian Homes sees a demand for industrial/commercial rental space in the area, a report on the council agenda says. The proposed building would be between 23,000 to 60,000 square feet in size, with construction starting in March 2022 and finishing by Dec. 2022.
The sale price for the land is $126,000. Depending on how successful the development is, the Town of Minto could make between $91,310 to $238,200 in development charges, the report says.
An update on the planning process for a proposed 126-unit subdivision on the southern edge of Harriston is also on Tuesday’s agenda. Town staff are currently finalizing the technical review of the subdivision’s draft plans. The draft plan still needs to be approved by the county. Zoning changes will also need to be made at the local level. The proposed subdivision received no opposition at a public meeting in September.