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 April 9, 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 extended to Q3
- Additional Deposit received from Purchaser, per APS
- Continued due diligence by Purchaser
- Property Management taken over by Purchaser, per Amendment
- Closing Date deadline as per APS / Amendment
- Monitor progress of Site Plan and Building Permit.
- Decision required regarding “Buy Back” condition date, per APS
- Monitor progress
- NRH lease on Riordon Site expires
- Possible Phase 1 construction start.
Q1
- Pre-Con for Site Plan completed
- Due Diligence period extended to Q3
- Additional Deposit received from Purchaser, per APS
Q2
- Continued due diligence by Purchaser
- Property Management taken over by Purchaser, per Amendment
Q3
- Closing Date deadline as per APS / Amendment
- Monitor progress of Site Plan and Building Permit.
- Decision required regarding “Buy Back” condition date, per APS
Q4
- Monitor progress
- NRH lease on Riordon Site expires
- Possible Phase 1 construction start.
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