Projects Update

In our last update for the Stanley project, we shared that the First Detailed Engineering submission had been completed and reviewed by the City, with the team advancing through Draft Plan condition clearing and preparing for subsequent engineering submissions. We also noted that servicing infrastructure upgrades would be required prior to construction, with soil remediation work successfully completed to support ongoing condition clearance.

Since then, the project has continued to progress on multiple fronts. The Second Detailed Engineering submission was formally made on November 18, 2025, and City comments are expected in end of January 2026 - Q1 2026. In parallel, the civil team remains in active correspondence with the City to confirm whether any portions of the development may be impacted by the required servicing upgrades. Further design advancement is underway to support a more detailed assessment of potential scheduling implications.

At the same time, the team has initiated Site Plan Control for the internal condo block. A Pre-Consultation application was submitted on October 15, 2025, followed by a City meeting on November 19, 2025, providing early feedback to guide the next stage of design. Remaining consultants will be retained, and a formal project coordination meeting is planned for Q1 2026, allowing the subdivision and condo components to advance in parallel.

Overall, the project continues to move forward in a coordinated manner, with engineering, planning, and site plan processes progressing simultaneously to support future approvals and execution.

Upcoming Milestones:

Second Detailed Engineering Submission Comments: Q1 2026
Third Detailed Engineering Submission: Q1 2026
Site Plan Application (Internal Condo Block): Q1 2026

Timelines:

Official Plan Amendment: Completed
Zoning By-law Amendment: Completed
Draft Plan of Subdivision Conditional Approval: Completed
Draft Plan of Subdivision Approval: Q1 2026
Site Plan Conditional Approval: Q2 2026
Site Plan Complete Approval: Q1 2027
Building Permit Issued: Q3 2026 (Plan of Subdivision)

All projected timelines are indicative and reflect current market conditions and planning assumptions. As with any development project, these estimates remain subject to change due to evolving regulatory, market, and construction environments. Accordingly, dates should be considered as targets rather than definitive deadlines.