Scroll down for NEWS

Dixie  
Cleaners

New  
Tecumseth Free Press Online
briscofurniture.com

Madhunt.com

Click here!

The Evolution of  
Advertising!

SIMCOE COUNTY NEWS
The Barrie Examiner
Collingwood Enterprise Bulletin
Orillia Packet and Times

Click here!

The Evolution of  
Advertising!

CONTACT US

Click here

Trillium Ford

Beattie farm sold to Flato with 'hopes that one day we will be developing it'

Posted June 12, 2017

A 100 acre farm property currently in production at 6416 10th Line has been sold by its owner, Ken Beattie Holdings Inc., to Flato Development Inc. for what's believed to be $2.2 million.

In the marketing abstract for the property, it was noted the "vendor will continue to rent the land until development commences."

Simcoe County's GIS Mapping scheme shows the farm's assessed value at $880,250 with a notation that it "may not reflect current market value."

The property is located in the south central portion of the broader 3,500 acre Cappuccitti Mattamy planning area whose combined proposal seeks to build 15,000 residential units in an area bounded by the 13th Line to the north, 10th Line south, 10 Sideroad east, and the CP Rail line, west.



"(Y)es it is being farmed," Shakir Rehmatullah, President of the Markham based development group told Free Press Online via email. "We are community builders and we have bought this parcel with the hopes that one day we will be developing it. We will (be) working with the municipality on the required application process for this parcel when the time comes."

As with all the properties in the planning area - whose other owners include Mattamy, Solmar, Walton Group, it requires an expansion to the Official Plan's settlement area boundaries, a prospect that is currently before the OMB but not active.

Ken Beattie's son, Michael, is New Tecumseth councillor for Ward 2. Councillor Beattie has not yet responded to several emails from Free Press Online has to whether he has any concerns over potential conflicts of interest as it relates to Flato and the current update to the Official Plan and its possible expansion of settlement areas which would be required to develop the 10th Line property. The Municipal Conflict of Interest Act includes "parent" as a provision for "direct or indirect pecuniary interest."

Flato group has in the past couple years, purchased hundreds of acres of farm land surrounding the Beeton area. One of the properties is currently working through the Town's planning approvals process. They have applied to build 157 residential units along Patterson Street in Beeton between the 9th Line and Wright Street. Portions of the lands located at the southeast corner of Patterson and the 9th Line are zoned Environmental Protection, which is contemplated for residential units as per the proposed draft plan.

The proposal includes 111 single detached 12.2 m lots, and 46 single detached 10.7 m lots.

Last December, Mr. Rehmatullah offered to pay New Tecumseth $1 million over 10 years for naming rights of the NTRC. The process leading up to it fell apart when it reached the council table as a draft final deal. The group has been spending thousands of dollars on advertising in the local print, radio, and on this web site. It recently donated $150,000 to Matthew's House Hospice and the 6th Annual Matthews House Hospice will be presented by Flato Developments on Friday, September 29. Flato has been donating money to Stevenson Memorial Hospital Foundation. Flato has also sponsored the Mayor's Rodeo which takes place in September.

Flato's only approved builds to date in New Tecumseth are two residential units -  6587 and 6665 Third Line in Tottenham.

Click here to report typos/errors or send Letter to the Editor.


All stories, unless otherwise noted,
by Tony Veltri
Dr. Cam

madhunt.com

Follow madhuntdotcom on Twitter

The Evolution of  
Advertising!