Windmill Development Group Signs Agreement to Purchase Domtar Lands

December 16, 2013 9:44 am Views: 233

Ottawa’s Windmill Development Group and Domtar have signed a definitive Agreement of Purchase and Sale for Domtar’s property on the Albert and Chaudière Islands in Ottawa and Gatineau.

“Our vision is to create Canada’s most sustainable mixed-used community right here in the nation’s capital,” said Jonathan Westeinde, co-founder of the Windmill Development Group. “We plan to bring new life and energy to this once bustling heart of industry, and give the people of Ottawa and Gatineau a new way to experience and appreciate the Ottawa River.”

Windmill plans to reinvent the area into a vibrant, sustainable, mixed-use community.

The Agreement with Domtar commits Windmill to purchasing the property, with the only remaining condition being rezoning of the property for a mixed-use community-scale development. Windmill will present its planning application to Ottawa and Gatineau city councils in the spring. The financial terms of the Agreement are not being released at this stage.

“We are pleased to be transferring the stewardship and revitalization of this important redevelopment opportunity to Windmill,” said Stewart Marcoux, Vice-President in charge of Asset Redeployment for Domtar. ”We are confident (this agreement) will result in a world-class development that will enhance the Nation’s Capital.”

As part of its due diligence process, Windmill consulted a wide range of groups, including the Ville de Gatineau and the City of Ottawa, Energy Ottawa, the Government of Canada, the Algonquins of Ontario, the Kitigan Zibi Anishinabeg band of Algonquins, the National Capital Commission, the Ottawa Riverkeeper, Destination Gatineau, Ecology Ottawa, and Heritage Canada Foundation.

“The encouragement we’ve received from the National Capital Commission, the two cities, the Algonquin people, and the environmental community has been overwhelming,” says Windmill partner Rodney Wilts. “People are extremely enthusiastic to have something great happen at this location.”

A preview of the development principles can be found at www.the-isles.ca or www.les-iles.ca

Ottawa Mayor Jim Watson said: “I’m delighted to see there is a plan being developed to revitalize an important piece of our local and national history. We need to find ways for this land to reach its full potential, and offer residents and visitors greater access to the Ottawa River, a national treasure. This is an opportunity to create a complete community that represents the Canada we dream of for the future: dynamic, livable and sustainable. We look forward to giving the plan careful consideration when it is presented to the City.”

“Windmill’s plan to celebrate Chaudière Island’s historical significance and to bring new life and energy to the waterfront is completely aligned with our aspirations for that space and the region,” echoed Jean-François Trépanier, Chief Executive Officer, National Capital Commission.

Domtar Lands 1

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