Final municipal permissions have been granted to allow a large residential, and smaller commercial, development to proceed off Highway 3 on a property adjacent to Kal Tire.
A bylaw amendment was passed at a special meeting of council.
“This is exciting,” said Mayor Spencer Coyne.
“That’s a big project for Princeton.”
The approved development will have 150 residential units, and one retail space.
“The revised mixed-use development would provide a major boost to the supply of housing in Princeton for workers at local employers, and the overall community, and would assist in addressing the severe shortage of rental housing in the town. It is consistent with numerous community plan policies,” states a staff report to council.
Coyne told the Spotlight it’s taken too long to navigate approvals that would benefit the community.
“We already went through all the steps, three or four meetings plus the advertising. It took almost a year to get the archeology (permission) sorted out because they are so backlogged. The provincial government has been the slow part on this one,” he said.
“Get your permitting in order so we can build homes.”
The development plans call for a significant mix of rental housing. Sixteen ground-floor units will be accessible, designed for seniors or disabled residents.