CORNWALL, Ontario – One of Cornwall’s busiest intersections may soon be getting a makeover.
BTB REIT, the owner of property that comprises the southwest corner of Boundary Road and Marleau Avenue, has released a concept plan for a major redevelopment of the 16-acre site.
“We have completed a concept plan that includes a mix of retail and restaurant use, but also accommodates the growing demand for more space for logistics activities in Cornwall,” said Michel Leonard, President of BTB Real Estate Investment Trust.
The concept plan currently shows a stand-alone restaurant in a commercial plaza with supporting merchants. The zoning for the site can accommodate a variety of uses.
“The Cornwall Business Park is home every day to over 3,000 working people, with limited choices for food and shopping,” said Leonard. “Given the majority of people live in the Eastern portion of Cornwall, and given that this is a major entry to the City with Highway 401 access, we believe a retail node would do very well.”
The 16-acre parcel also extends to the west along Marleau Avenue. BTB planners have envisioned a series of warehousing buildings on the western portion of the property.
“We believe Cornwall will continue to grow as a hub for supply chain activities, and as growth occurs, so too will demand for space,” said Leonard. “Our concept is a flexible plan that will offer modern versatile space with large ceiling heights and abundant dock level doors.”
The plans also include a partial demolition of the existing building on the property, and a possible relocation or removal of an existing rail spur.
“With the exception of the south end which is occupied by Canada Post, the remainder of the existing structure has reached the end of its lifespan,” said Leonard. “We are currently speaking with a variety of possible tenants and look forward to the opportunity of improving this importance entrance to the city.”
– CHOOSECORNWALL.CA
