Whitby to witness the largest development in 30 years
Whitby to witness one of the biggest development in 30 years, there has been an official start to construction of the Station No. 3 condominiums. The Brookfield Residential venture has been involved in the work for a long time and has finally taken a decision to go ahead. The great development has received fund commitments from Whitby and Durham regions. These funds will “incentivize” the new project and also act as investments in the downtown core. The sum offered by the Durham region through the Regional Revitalization Program (RRP) will be upto $630,000 while Whitby will be funding $1,167,500 through the Town’s Community Improvement Plan (CIP) program for this huge venture.
Station No.3 will be a 6-storey multi-purpose complex situated at Brock St and Colborne St. The development will be home to around 160 families. There is a limited variety of one to three bedrooms measuring upto 1,517 square feet for every condo. One of the major purposes behind this development is to provide housing to a large number of people including young professionals, retirees, and young families. Being a multi-purpose development, it is expected to accommodate business, thus resulting in the filing of 9,500 square feet mainly on the ground floor just for commercial purposes.
The appropriate location of the development can be a great advantage too. It has proximity to Brock and Dundas Area, Whitby Four Corners, and several historical developments. One can also get convenient access to educational institutions. The different school found in the area includes Henry Street High, West Lynde Public, St Theresa Catholic School, and Julie Payette Public.
Another significant feature of this Brookfield Residential project is that it will be created in alignment to the Council’s goal for the downtowns, wherein, the people can reside and work in proximity to the shops. According to Whitby Mayor Don Mitchell, “This will make historic downtown Whitby more vibrant and attractive. ”
Expecting the Durham population to double in the next 20 years, such developments can be seen as a necessary step. Considering Whitby, there can be a 40 percent increase by 2033. Moreover, the ongoing population growth is affecting housing prices leading to higher costs. There has been an extensive rise in the housing prices at Whitby in the last few years. The average pricing of the house is around $1.3M.
According to John Henry, Regional Chair and CEO, The Regional Municipality of Durham “While the housing demands in Durham Region continue to increase, the Region is working to ensure that supply and pricing are competitive. Developments such as this are exactly what our residents need. That is why Regional Council invested nearly $630,000 into this development, with funding from the Regional Revitalization Reserve Fund. With its mix of new residential units and commercial space being created, Station Number 3 is a prime example of the imaginative solutions being implemented to help keep up with Durham’s growing population.”