TORONTO, ONTARIO — October 25, 2021 — AvranceCorp Developments is pleased to announce that its highly anticipated Georgian Bay Terrace project has officially received zoning approval following a unanimous vote by the municipal planning authority on October 25, 2021. This milestone marks a major advancement for one of the region’s most transformative residential mixed-use developments and sets the stage for the project’s next phase of detailed design and pre-construction.
Georgian Bay Terrace is a premier five-storey boutique residential development located at 1 Legion Road in Meaford, Ontario. Featuring 150 luxury suites, Georgian Bay Terrace combines contemporary design with the natural beauty and lifestyle appeal of the Georgian Bay region.
“We are extremely pleased and honored to receive zoning approval for Georgian Bay Terrace,” AvranceCorp Developments CEO and founder Samuel Babarinde said. “This decision reflects a shared vision between our team and the municipality, one that supports responsible urban expansion, economic opportunity, and enhanced quality of life for current and future residents. We are grateful for the constructive dialogue with city officials, local stakeholders, and community members throughout this process.”
The approval follows several months of planning reviews, environmental assessments, and design refinements aimed at ensuring that Georgian Bay Terrace meets both community expectations and municipal development standards.
With zoning approval secured, AvranceCorp will now proceed with detailed architectural planning, engineering studies, and the preparation of building permit applications.
Visit www.avrancecorp.com for more information and project updates.
Forward-Looking Statements:
This release may contain forward-looking statements relating to the future performance of Georgian Bay Terrace. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.
About AvranceCorp Developments
AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.
Media Contact
Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888
