HIP Developments will build a rental residential project on the former Barrie Central Collegiate and Prince of Wales School properties.
The Waterloo-based developer will call it ‘Modern Bayside Residences’, at 125 Dunlop St. W.
Its $5.8-million purchase from the Simcoe County District School Board closed Jan. 31.
HIP did not return telephone, e-mail and social media messages from the Examiner on Thursday afternoon.
No applications of any kind have been received by the city for this site.
But this property’s use is institutional and the zoning is C1-2.
Central area commercial (C1) and transition centre commercial (C2) zoning offers a number of uses.
In the residential sector, this zoning permits apartments, all types of townhouses, single-family homes and rooming houses.
In the commercial sector, they allow uses from hotel/motel to office, medical, restaurant and shopping centre. For institutional, the zoning allows school, library, museum and religious use.
HIP Developments was founded in 2010, with a focus on multi-family residential development opportunities in Ontario, its website says.
It has two completed residential properties in Guelph and one in Cambridge, and has nine others in the works in that area.
HIP’s plans have been disclosed just days after Barrie’s YMCA announced it’s selling its Grove Street property, for residential development, and relocating downtown – although no site has been named.
The Y wants to build a new 50,000-square-foot facility that could be used for 5,000-6,000 members (its membership now is 3,000), and expand its services.
The YMCA of Simcoe-Muskoka announced it will apply for a rezoning and…
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