PRESCOTT — A second and much bigger commercial project slated for the north end of Prescott has been announced.
Following an in-camera session near the end of town council’s virtual meeting on Monday night, it was revealed there are plans for a “travel plaza” on Development Drive.
Council passed a motion directing staff to prepare a bylaw for the sale of 50 to 55 acres of land.
Mayor Brett Todd indicated that the municipality has been working for some time with a Toronto-based developer on the project that would take up a significant portion of the industrial area on the north side of Highway 401.
The name of the developer was not revealed, but Todd said the sale price of the town-owned land would be between $25,000 and $29,000 per acre.
“We are absolutely thrilled to welcome this developer and to go public with this situation,” said the mayor, who added the project represents a great investment in Prescott.
More information about the travel plaza – including the name of the developer – are expected to be revealed as part of the bylaw phase likely to take place at council’s next meeting in September, according to Todd.
Earlier in its meeting on Monday night, council approved a bylaw to finalize the sale of about 10 acres of land on Development Drive to Alantra Leasing.
That deal was announced at the end of the July 6 council meeting.
Alantra is planning to build an Eastern Ontario distribution centre for its mobile office trailer and modular building business.
The purchase price was listed at $250,000.
Prescott has seen some near misses when it comes to industrial and commercial projects on Development Drive in recent years.
The largest was a proposal for a wood pellet production facility. A Speedy Transport terminal slated for the north end of Prescott ended up being built in Brockville.
The Grenville County Ontario Provincial Police detachment on Development Drive officially opened 13 years ago.