The Water Tower District is an approved infill development on former industrial lands bounded by Marion Street to the north, Windsor Park to the south, Speers Road and the Canadian National Railway to the east, and the Canadian Pacific Railway to the west. A project of the Olexa Developments, the subdivision will include mid- to high-density housing (25 acres), commercial and industrial development (21 acres and 70 acres, respectively), and park land (22 acres). This development was previously named "The Public Markets". 

The Board of Trustees will designate catchment schools when development plans advance.