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Posted June 22, 2024 by Tyler M.

New 10 Story Development Proposal in East City, Peterborough

Several East City residents and Mark Street United Church members gathered at the church to preview the TVM Group's proposed 10-story residential-commercial development. 

At the heart of the proposed development is a unique agreement between TVM Group and the church’s board of trustees; a trade-off of sorts that will see TVM Group acquire church-owned property adjacent to the church in exchange for four units valued at $2 million at TVM-owned East City Condos nearby at Hunter Street East and Armour Road.

“In a perfect world, we would be constructing one year from now. We certainly hope it’s not much longer than that.” Said TVM Group President Amit Sofer. 

This post contains excerpts from an article on KawarthaNow.com by Paul Rellinger. To read the original article in its entirety, please click here