‘We are going to get it done’: Major Midland development moving forward
Midland Town Centre, an 85,000-square-foot development planned for 710 Balm Beach Rd. E., is currently being constructed.
David Colagiacomo is committed to seeing two major developments through to completion.
Colagiacomo, the co-owner of the Coland Developments Corporation, is behind a development on a 7.6-acre parcel of land off Balm Beach Road East and another on 15 acres of land off Highway 12.
“A lot of people are saying that developers come in and they don’t finish. There is a bad stigma in the community. I’ve heard it many, many times,” said Colagiacomo.
He wants to erase that stigma.
Construction crews have started erecting the steel skeletons of the five buildings that will make up an 85,000-square-foot commercial plaza at 710 Balm Beach Rd. E.
This development, which will be named the Midland Town Centre, will consist of 71 commercial condominium suites and more than 360 parking spaces.
Crews broke ground at the site in late 2019 and the project was originally slated to be completed by the fall of 2021, but was impacted by the COVID-19 pandemic.
Lockdowns and material shortages have changed the timeline. According to Colagiacomo, the project is now scheduled to be completed by September 2022.
“We are going to get it done, that’s for sure,” said Colagiacomo. “It is going to be by far the nicest development in all of Midland. Once it is all built and done … everybody is going to be in awe.”
The complex will feature a two-storey, 20,0000-square-foot medical building; a two-storey, 30,000-square-foot professional office building; two 15,000-square-foot retail and restaurant buildings; and a 5,000-square-foot daycare building.
Colagiacomo and Coland Developments are also behind the Midland Market Square, a 10-building, 180,000-square-foot development planned on for a parcel off Highway 12, west of Beamish Road.
This development will have a Holiday Inn Express, Starbucks, dental office, restaurant, fast food drive-thrus and more.
One of the biggest reasons he is committed to these developments is because he believes in Midland.
“It’s an excellent area and it’s growing,” said Colagiacomo. “It is still undervalued in my opinion. You are only an hour and a half from downtown Toronto.”
For more information on the developments, visit coland.ca.
Source: simcoe.com, December 8, 2021
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