typical low-rise apartment building. construction of affordable housing. mortgage lending for a young family.
The City of Welland and LIV Communities closed the sale agreement for Northern Reach, land situated to the west of the recreational canal from Woodlawn Road and north to Merritt Road, on April 23.
City officials say the sale marks a significant milestone in Welland’s ongoing development efforts.
The sale, encompassing approximately 152 acres of prime real estate, was finalized for a total of $35 million. The development is projected to include approximately 3,800 to 4,000 dwelling units, catering to diverse housing needs.
Officials add the project prioritizes connectivity, with comprehensive plans to seamlessly integrate the new development with existing neighbourhoods and the surrounding area.
(Written by: Chuck Lafleur)
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