WHAT IS THAT GOING TO BE?
new town Development
Have you driven by the large development going up at Highway 404 and Green Lane and wondered what it is going to be? Well! It is going to be a 1.2 million square foot logistics and distribution centre owned by the grocery giant Loblaw. The company announced last summer that it acquired control of 154 developable acres of industrial land right at the corner of Highway 404 and Green Lane East to build the new facility. The municipality said it expects the facility to offer more than 1,000 jobs to the York Region community. According to East Gwillimbury Mayor Virginia Hackson, the town is thrilled with the investment. “This is the largest employment development project our town has ever seen, and it will bring great benefits to the community in terms of job creation,” she said in a news release. A news release said they hope to bring the distribution facility into operations in the first quarter of 2024. The development plan for the property is for the trust to build a multi-phase industrial park, with the potential for approximately 1.8-million-sq.-ft. of new generation logistics space. According to the news release, the total initial cost of the project is $170 million. “Business and job growth are fundamental to York Region’s economic success,” York Region Chairman and CEO Wayne Emmerson said. “We are pleased Loblaw Companies Limited and Choice Properties REIT have joined our thriving business community."
Made with FlippingBook - professional solution for displaying marketing and sales documents online