Matthys to be proposed industrial subdivision's first street
The Matthys family surname has been selected as one of the two street
names chosen for the Walton Development group's proposed industrial
subdivision on Industrial Parkway.
"Since 1958, three generations of the Matthys family had owned and
farmed part of the subject lands," Paolo Sacilotto, Walton's Community
Planning and Development Manager explains in his letter to the Town.
"The Matthys family continues to reside and farm in the Town of New
Tecumseth. We feel that naming Street A Matthys Crescent pays respect
and homage to a family that has served as a contributing and valuable
member of the Alliston Community."
Walton purchased what it calls the "Alliston Property" - two separate
farm properties Beattie and Matthys - in June 2010 for $12.1
million or approximately $78k per acre (154 acres). Earlier this year,
the group flipped the land to a different division of the broader
Walton Group for $24 million or about $156k per acre.
Selecting street names is one of the conditions of approval for
subdivision so that they can be identified on the engineering drawings. There are three streets planned, but their configuration will only need two names. The Town has been asked to recommend a second name.
The plan, dubbed South Simcoe Business Park, includes subdividing the
properties into 12 industrial lots, which on the MLS Real Estate web
site are listed starting at $400,000 per acre. Walton group owns about 4,000 acres in the New Tecumseth area.