Halifax-based Black Seal Properties plans to build a residential and commercial development at Bridgewater site where an October 2017 blaze levelled multiple structures.
However, the firm needs Bridgewater to change planning policy so it can build a four-storey building in the downtown core on the vacant lots. The current rules only allow for a maximum of three.
Black Seal Properties seeks a change which sanctions council to consider a four-storey structure by development agreement.
The company is also looking at redeveloping the former Gow's Home Furniture building, also off King Street. Gow's left the site and moved operations several blocks west, joining the home hardware business at the corner of High Street and Dominion Street.
The re-imagined King Street space would include residential and commercial capacity, documents provided to town council indicate.
Black Seal Properties has purchase-and-sale arrangements in place for the both King Street locations.
Town council, which meets June 10, is expected to either set a public participation meeting date concerning the request or postpone the process temporarily to allow staff to gather more information before setting the date.