 
Kingsmere community set to grow in Alliston
Posted March 21,
2013
New Tecumseth has approved service allocation for 59
residential units as part of the phase 1 development
of the Kingsmere Retirement Village along the Industrial Parkway
frontage at King Street.
The residential units will be a mix of 20
semi-detached and 39 townhouses whose sizes range from 1,017 sq. ft up
to 1,439. Phase 2 will include 56 semi~detached; and 62 townhouses.
Nautical Lands Group Alliston Inc. purchased the
9.17 hectares of land at the southeast corner of King Street and
Industrial Parkway from the Town on June 20, 2006, and its first
project was the 6-storey low-rise retirement building, stormwater
management pond, associated infrastructure, driveways and parking areas.
The report to New Tecumseth council that sets out
the conditions for allocation of sewage treatment capacity and water,
notes that apartment complex was severed and is expected to be sold off
separately.
As part of phase 1, the developer is also
obligated to erect a 1.8m high acoustic barrier along Industrial
Parkway, and as well, on the other side of the road to buffer
against potential noise impacts from the Nissin plant and NTRC.
Phase 1 is estimated to generate approximately $2
million in development charges, and requires the developer to post a
$670,000 security bond. Click
here to send a Letter to the Editor.
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