Town of Newmarket Fairy Lake and Water Street

NEWMARKET, Ont. — The Town of Newmarket, Ont. is seeking proposals for a new and unique dining establishment at 500 Water Street to enhance the existing cultural and economic vibrancy of the Main Street historic district. The town is offering a long-term lease for the landmark property, which features a picturesque patio overlooking Fairy Lake and a prime view of award-winning Main Street.

Downtown Newmarket offers an eclectic mix of long-standing businesses, including locally owned shops, restaurants, cafes and more, balanced with many new boutique shops recently opened or soon-to-open in 2023. The continued transformation of the downtown has led to Newmarket’s Main Street being voted the best in the country and has attracted York Region’s first boutique hotel, the Postmark, which is scheduled to open in summer 2023. The re-invention of this special heritage property into a 55-room boutique hotel, featuring a rooftop event space and restaurant, will further accelerate the ongoing revitalization and renewal of downtown Newmarket.

“Over the past two decades, the town, local businesses and building owners have invested over $30 million in the revitalization of Main Street South, leading to the continued growth of our downtown as a top dining, shopping and entertainment destination in York Region,” says Mayor John Taylor. “We’re extremely excited to continue this momentum with the next chapter of 500 Water Street, a very rare opportunity to be a key part of our award-winning downtown in one of the best, if not the best location in town.”

Proposal documents can be viewed, downloaded and submitted at


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