Keele and 407

On behalf of a private developer, Intermarket negotiated the purchase of the lands from a provincial agency and created a Master Plan for a high profile, sixty (60) acre site that fronts onto Highway 407. 

Intermarket created significant value by:

• Cleaning up all the contamination on-site and removing an MOEE clean up order
• Finalizing all approvals, including an Official Plan Amendment, zoning bylaws, and Plan of Subdivision for the 900,000 sf project
• Negotiated an agreement with Ontario Hydro and constructed an access road across a hydro easement
• Found an innovative solution to the sanitary servicing issue by finalizing an agreement to tunnel a sanitary line under the CN tracks and connect into an existing residential sewer line
• Finalized an agreement with Ontario Hydro to create a “borrow pit” on their lands that provided fill and also a location to dump topsoil; with no material required to be trucked off or onto the site

The result is 900,000 sf of high-quality industrial space that was constructed in a prime location, on a site that was very challenged and now is extremely valuable.