Peterborough Councillors Unanimously Approve 77-Unit Residential Development

A 77-unit residential development, including a four-storey apartment building and townhouses, has received preliminary rezoning approval from Peterborough city councillors. The proposal, submitted by Global Point Logistics Inc., includes a four-storey building of 71 apartments fronting Monaghan Road and six townhouses fronting Braidwood Avenue. The development aims to address the city's housing shortage, with councillors calling it a "phenomenal" project that will be "very impactful on our housing supply."

Key Takeaways:

• The proposed development includes a four-storey apartment building with 71 units and six townhouses.
• The project has received preliminary rezoning approval from city councillors, with a final vote at the city council meeting on June 26.
• The development aims to address Peterborough's housing shortage, with councillors citing the need for "all types of housing."
• Coun. Lesley Parnell declared a conflict of interest due to her son's ownership of a house near the property.
• Neighbours expressed concerns about privacy, green space, and the potential impact on their backyards.
• The developers assured council that concerns about privacy and green space would be addressed during the site plan process.
• The project is expected to contribute to the city's housing supply and sustainability.

Statistics:

• 77 units are proposed for the development.
• 71 apartments will be part of the four-storey building.
• Six townhouses will front Braidwood Avenue.
• The development will be built on a vacant portion of 550 Braidwood Ave.
• The city's housing shortage has been acknowledged by city councillors and planners.

Sources:

• Peterborough Daily Examiner, June 13, 2023 (no byline)
• Examiner Reporter Joelle Kovach
• Council meeting minutes, Peterborough City Council