Construction activity is booming on the bay.A trend of growth in the number of commercial and residential developments in Parry Sound Parry Sound, town (1991 pop. 6,125), S Ont., Canada, on Parry Sound, an inlet of Georgian Bay of Lake Huron. It is an active port and the center of a popular vacation area. is continuing through 2007, with several major projects already completed and others on the way. "There's quite a bit of development proposed on the horizon," says Iain Laing, director of community development at the Town of Parry Sound. "I'm not so naive to think we'll get it all, but we'll get some of it, and it'll be pretty good for the town and the area." Several commercial projects have materialized on the town's Bowes Street within the last year, making the area a development hotspot. For instance, a new 18,000-square-foot Shopper's Drug Mart has recently been built on Bowes Street, with an additional 10,000-square-foot space left above the store for doctor's offices, though this has yet to be occupied. Oastler Park Shopping Plaza shopping plaza Noun a shopping centre, usually a small group of stores built as a strip Inc., which oversaw o·ver·saw v. Past tense of oversee. development of the local Wal-Mart, has developed another 21,000-square-foot building, which houses three tenants, including a furniture store called Easy Home, Mark's Work Warehouse, and Dollarama. The development area has also received zoning approval for two additional tenants: a home improvement store and a grocery store. Laing says the bustling bus·tle 1 intr. & tr.v. bus·tled, bus·tling, bus·tles To move or cause to move energetically and busily. n. Excited and often noisy activity; a stir. home improvement activity within the town is likely to spur an application for a full site plan approval for the store's location within the year. Other significant work done on Bowes Street include an 18,000-square-foot expansion to the existing Canadian Tire Canadian Tire (TSX: CTC, CTC.A) is one of Canada's 35 largest publicly traded companies and operates an inter-related network of businesses engaged in retailing (hardgoods, apparel and petroleum) and services (financial and automotive). site. "That's the most attractive commercial area of the town at the moment," Laing says. "It's the main artery artery, blood vessel that conveys blood away from the heart. Except for the pulmonary artery, which carries deoxygenated blood from the heart to the lungs, arteries carry oxygenated blood from the heart to the tissues. into town, and it's near the highway. The first access you get into town is right on Bowes St., so that part of the attractiveness of it." Residential developments have also seen somewhat of a boom, with upwards of 20 new homes slated to be built throughout Parry Sound in the coming year. This is nearly quadruple quad·ru·ple adj. 1. Consisting of four parts or members. 2. Four times as much in size, strength, number, or amount. 3. Music Having four beats to the measure. n. the five housing developments typically seen in the town, continuing an upswing Upswing An upward turn in a security's price after a period of falling prices. in the local housing sector in recent years. A 50-lot subdivision known as Thunder Creek has been developed by local contractor Hall Construction on Winifred Street, where four houses have been built, with another four in the pipeline. [ILLUSTRATION OMITTED] Another subdivision known as the Prospect Point Development was approved last year. This 27-lot, single-family dwelling area is located on Waubeek Street, where seven houses are slated to be built in 2007 by Distler Construction. With a view over Georgian Bay Georgian Bay, large northeastern extension of Lake Huron, S Ont., Canada, separated from Lake Huron by Manitoulin Island and by the Bruce Peninsula; Lucas Channel is its chief connection with Lake Huron. , Laing says he considers this to be a somewhat upper-end development, with some of the cheapest lots going for $100,000, while those with a view of the water cost roughly $300,000. Located in the downtown core
The Downtown Core is a 266-hectare urban planning area in the south of the city-state of Singapore. , the town's former hospital is in the final stages of being fully converted to 64 apartment units. Up to a third of these units are currently occupied, while conversion is ongoing. Two condominiums with a potential view of the bay are also being considered. One is a 60-unit building proposed for construction on Great North Road, and has already achieved zoning by-law amendment; the other is still doing preliminary work before making any formal applications. Laing says much of this development is being spurred by growing numbers of people moving into their summer homes, as well as the annual population boom that hits during the summer months from cottagers and tourists alike. Market studies have identified full-time, year-round regional population of 18,000 to 20,000, a number which rises to as high as 60,000 during the summer. "One of the statistics I didn't realize, and I found recently, is that Killbear Provincial Park Killbear Provincial Park is a park located on Georgian Bay in Parry Sound District, Ontario near the town of Nobel. Activities in the park include camping, swimming, boating, cycling and fishing. on Georgian Bay in the summer has as much population as the town does, which is 5,000 to 6,000 people. So that alone gives you a bit of an idea of what happens here." A growing awareness of this seasonal population among the commercial "big players" such as Wal-Mart, Sobey's and Canadian Tire is factoring into much of the current construction activity, Laing says. "We've got almost everything we can get, but every time I think that, something else is proposed. It's encouraging, because they think that Parry Sound is worthy of this kind of development." By NICK STEWART Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. |
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