36 William Street
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
- September 9, 2025 – City Council approved the sale of property to the MDC.
- February 12, 2026 – Joint Venture (JV) / Purchaser Identified.
Current Use of Land
- Parking lot leased by the City
Future Property Information
- Unknown at current time. Discussions ongoing with a vetted JV Partner / Purchaser
Completed Work and Expected Milestones for 2026
(subject to change)
Q1
Q2
Q3
Q4
- Preferred JV / Purchaser Identified
- Ordered ESA 1, 2 and Geotechnical for RSC
- Property survey ordered
- Applied for Federal Development Funding.
- ESA 1, 2 and Geotechnical to be completed
- JV / Sale to brought to Board / Council for approval
- JV / Sale completed
- Pre-Con meeting
- Site Plan to be submitted
- Site Plan Approved
- Building Permit submitted
- Construction Financing to be arranged.
Q1
- Preferred JV / Purchaser Identified
- Ordered ESA 1, 2 and Geotechnical for RSC
- Property survey ordered
- Applied for Federal Development Funding.
Q2
- ESA 1, 2 and Geotechnical to be completed
- JV / Sale to brought to Board / Council for approval
Q3
- JV / Sale completed
- Pre-Con meeting
- Site Plan to be submitted
Q4
- Site Plan Approved
- Building Permit submitted
- Construction Financing to be arranged.
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