8 Gale Crescent / 29 Riordon 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 made as of September 10, 2026.
Development History
- January 27, 2025 – City Council approved the sale of the property to the MDC.
- September 22, 2025 – APS and VTB was approved by the Shareholder.
Current Use of Land
- 8 Gale Crescent – land is currently vacant, surrounded by City owned protective fencing.
- 8 Gale Crescent was previously the site of the Garden City Arena Complex.
- 29 Riordon Street – former City parking lot leased by Niagara Regional Housing (NRH) for temporary housing-focused shelter. NRH has been informed lease will not be renewed.
Future Property Information
- More than 800 residential units.
- Approximately 200 parking spaces
- 25% of units to be affordable as per CMHC/CMLI Select Program.
Completed Work and Expected Milestones for 2026
(subject to change)
Q1
Q2
Q3
Q4
- Pre-Con for Site Plan completed
- Due Diligence period is Extended
- Purchaser starts Site Plan, Building Permit & Rezoning
- Progress monitored
- Purchaser continues Due Diligence
- Monitor Progress
- Due Diligence extension expires
- Purchaser continues due diligence
- Riordon Lease with Niagara Regional Housing expires
Q1
- Pre-Con for Site Plan completed
- Due Diligence Period is Extended
- Purchaser starts Site Plan, Building Permit & Rezoning
Q2
- Progress monitored
- Purchaser continues Due Diligence
Q3
- Monitor Progress
- Due Diligence extension expires
- Purchaser continues due diligence
Q4
- Riordon Lease with Niagara Regional Housing expires.
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