Town Statement regarding Cedar Crescent Village Report

On Monday, February 24, 2025, Saugeen Shores Council will be presented the request to extend the deadlines for 2706913 Ontario Inc. for the Cedar Crescent Village (CCV) waterfront project. The main amendments proposed for Council approval are summarized below: 

• Recognizing that the development is proceeding in two concurrent stages: “North Building/North Area” and “South Building/South Area”.   

• Extending the 2-year building permit deadlines by approximately 10 months. 

• Confirming the “Total Completion” date as September 14, 2026 (this means all work completed including any lien periods as per the Construction Act). 

• Identifying the legal description now that all title matters have been addressed by the Town (to facilitate the registration of Notice of Lease that was registered in the Land Registry Office on January 24, 2025). 

Also included within the report are details of the Development Schedule as well as a recommendation that Council approve Libro Credit Union as the Leasehold Mortgagee for the Cedar Cresent Village Development. This follows correspondence from Libro confirming their participation in the project as a commercial lender. 

The full report to Council, along with report attachments, can be found here.  

We continue to invite community members to stay informed as the Cedar Cresent Village project progresses at the Port Elgin waterfront. For more detailed information about the project, including updates on construction, please visit the Town of Saugeen Shores' official website at www.saugeenshores.ca/CCV.