Terraco breaks ground on 33-unit Stouffville Business Park

By AI, Created 4:38 PM UTC, May 18, 2026, /AGP/ – Terraco Developments Inc. has started construction on Stouffville Business Park at 195 Mostar Street in Whitchurch-Stouffville, with occupancy targeted for December 2026. The project aims to give small and mid-sized owner-operators a rare ownership option in York Region, where commercial vacancy is near 0.5%.

Why it matters: - York Region’s commercial vacancy sits near 0.5%, leaving very few options for businesses looking to own space instead of lease. - Stouffville Business Park is designed to serve small and mid-sized owner-operators priced out of the local market. - The project adds permanent commercial inventory in one of the Greater Toronto Area’s tightest business markets.

What happened: - Terraco Developments Inc. broke ground on Stouffville Business Park, a 33-unit commercial condominium project at 195 Mostar Street in the Town of Whitchurch-Stouffville. - The development targets December 2026 occupancy. - Registration is open at 195mostar.ca.

The details: - The project includes 33 high-end business condominium units. - Flexible zoning will allow industrial, office, medical and retail uses. - Industrial units are planned with 24-foot clear ceilings, drive-in doors and walk-up mezzanines. - The site is minutes north of Markham and a short drive from Highway 404. - The property sits in Stouffville’s established business park corridor, with signage exposure along Mostar Street and Hoover Park Drive. - Terraco Developments Inc. is an Ontario-based real estate development and investment company focused on premium commercial, industrial, residential and mixed-use projects across the province.

Between the lines: - Whitchurch-Stouffville has been one of the fastest-growing municipalities in the Greater Toronto Area, and that growth is increasing demand for local industrial and commercial space. - The project is aimed at buyers who want a permanent footprint in their market rather than another lease renewal. - Terraco is positioning the project as a faster-moving alternative to larger institutional developers that dominate the GTA pipeline.

What’s next: - Terraco is moving toward December 2026 occupancy. - Sales and registration activity are now open for prospective buyers. - The company says the project is part of a broader strategy built around speed, creativity and flexible deal structuring.

The bottom line: - Stouffville Business Park is entering the market as supply remains scarce and demand for owner-occupied commercial space stays elevated.