In a recent decision handed down by the Ontario Municipal Board (OMB,) a plan to bring a large condo development to the city of Oakville has been approved.
The Town of Oakville, Halton Region, Conservation Halton, Silgold Development and Silwell Developments reached a mutual agreement on a new, high-density residential complex. The issue originated from the City failing to approve the zoning by-law amendment for the new development.
All parties agreed to a settlement, approved by OMB member Sylvia Sutherland. The proposed development calls for four towers of varying height, with 750 residential units, mixed with retail and office space. The project is located at 278 Dundas Street East and 2466 Trafalgar Road. The total site area is almost 3 hectares in size.
Oakville’s long-term plan for the area calls for higher demographic density, hinting at more mid-rise and high-rise condos in the future. The area of Dundas and Trafalgar has seen a huge population boom over the past 10 years. What was once an empty field is now home to the town’s new transit terminals, as well as a new Great Canadian Superstore and a Walmart.
To read more about the Ontario Municipal Board’s decision in regards to this new development, click here.Google+