2 Facer Street (BGC Niagara)
Disclaimer: Please note that all dates, timelines and anticipated work noted below is subject to change without notice and is to be viewed as informed estimations only made as of April 9, 2026.
Development History
- November 11, 2025: BGC Niagara submitted letter of understanding to the City.
- March 9, 2026: City Council approved the sale of the property to the MDC.
Current Use of Land
- Recreation and childcare facility leased by BCG Niagara
Future Property Information
- Unknown at current time
- Discussions are ongoing with developers
Completed Work and Expected Milestones for 2026
(subject to change)
Q1
Q2
Q3
Q4
- Property transferred to MDC
- BGC Niagara lease transferred to MDC
- ESA 1, 2 and geotechnical for RSC started
- Property Survey started
- R-Plan started
- Search for JV / Purchaser commenced with BGC Niagara Participation
- ESA 1 2 and geotechnical to be completed
- Survey and R-Plan to be completed
- Building envelope validated by MTO, Region & City
- Start Rezoning Process
- Search for JV / Purchaser continues
- Rezoning process continues
- Search for JV / Purchaser continues
- JV / Sale to be brought to the Board / Council for approval
Q1
- Property transferred to MDC
- BGC Niagara lease transferred to MDC
- ESA 1, 2 and geotechnical for RSC started
- Property Survey started
- R-Plan started
- Search for JV / Purchaser commenced with BGC Niagara Participation
Q2
- ESA 1, 2 and geotechnical to be completed
- Survey and R-Plan to be completed
- Building envelope validated by MTO, Region & City
- Start Rezoning Process
- Search for JV / Purchaser continues
Q3
- Rezoning Process continues
- Search for JV / Purchaser continues
Q4
- JV / Sale to be brought to the Board / Council for approval
Glossary of Common Development Terms & Acronyms
APS: Agreement of Purchase and Sale
CIP: Community Improvement Plan
CMHC: Canadian Mortgage Housing Corporation
CMLI: CMHC Multi-Unit Loan Insurance
ESA: Environmental Site Assessment
JV: Joint Venture
Pre-Con: Pre-Construction Meeting with City Planning Dept.
R-Plan: Registered Plan
RSC: Record of Site Condition
T/O Financing: Take-out Financing (payout construction financing)
VTB: Vendor Take-Back