Wasaga Beachfront Real Estate Deal Expected to Close in November

One dream was lost and another one is taking shape.

The principal buildings in Beach Area 1 including such landmarks as the The Dard, Bananas, the Giant Tiger plaza, the old hotel at the corner of Mosley and Old Mosley and many of the stores along the beachfront are all part of a real estate deal expected to close this November.  The properties have been in receivership with back taxes and utilities owing.  According to news reports, the Buyer is related to the a Concord based business called the Belrock Construction Company which is owned by the Grossi family.  Enzo Grossi was the owner of the Dard before he sold it to the Levys who eventually lost the property in the power of sale process.

Wasaga Beach has engaged in an extensive visioning process over the past summer with some very exciting results emerging.  The Grossis were involved in that process and hopefully have a clear sense of the direction residents wish to see for the area.

Other big news in the Beach includes an announcement by the developer of the east end Stonebridge project that he is pursuing the development of an eight-storey, branded hotel-condominium project.


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Monday, October 24th, 2011 at 5:27 am and is filed under Local News and Current Events, Transformations, Wasaga Beach. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Comments

  1. John ager says:

    Do you know if this deal closed today?

  2. Marg says:

    I have not yet been able to find this out.

  3. John says:

    Although Wasaga Beach sees the bulk of their tourists visit in the summer months, the town has plenty to offer year round, which is why we are seeing the shift to more buyers looking for Wasaga Beach Real Estate. Not only are there recreational activities and adventures to be had right in town, popular communities like Collingwood, Thornbury and Midland are only a short drive away.

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