IB NEWS MASSIVE CONDO TOWERS COMING AFTER SETTLEMENT REACHED DAVID LEA dlea@metroland.com Plans to build two mas- sive condo towers i ville are Centres received approval from the Ontario Land ae bunal fo for Fone chang the con- struction of a ‘nixed -use building at the northwest corner of Trafal Road and Oak atk Bone three levels ofaboveground parking. It is unclear whether there has been any change to this parking plan. Inexchange for their de- the town's bylaw; work to reduce single-vehicle occu- paney use through the use things car- Onna spaces and sub- stantial bicycle storage; provide a Presto C: loaded with $2,000 at the town and/or the town's Mu- nicipal Development Cor- poration a “right of first re- psa option {2 ease or yurchase Par tCentres a gubmit- tedits development propos- to the t April 2021. Town staff released a re- ort recommending ap- provalof ‘thenecessary zon- ing and official plan chang- es on June 14, 2022. ‘his recommendation was received by the plan- ning and development council on June 27, ane’ however, by that SmartCentres had already appealed the matter to the Ontario Land Tribunal on the grounds that the town had failed to make deci- SmartCentres _ represent good planning in the public interest. He also addressed con- cerns raised by area resi- dents regarding the tower heights and the uate con- gestion and wing they fear will occur t the project moves ahead. "Substan: pacity of the road network, the pedestrian and cycling network, and the use of tran: including the planned higher order tran- sit to serve this area," wrote "Studies were conduct- residential building planned for the Town of Oakville image Concept art for a 26-story residential building and a 31-storey northwest corner of the Trafalgar Road and Oak Park Boulevard intersection. evolve from the higher den- sity now supported by the in-fore a ton policies.” mally permitted) the maxi- mum height permitted at e southern portion of the site would be 10 storeys intersectiol time ofthe first purchase of sions regarding its propos- ed which demonstrated no When matter came while the maximum height a feature a five: wa each dwelling unit; an als. unacceptable effectstosur- before Sails council in permitted at the northern podium, one 26-storey resi- participate in the town's ha a May 24 statement, rounding areasfrom wind, August 2022, town senior portion of the site would be dential building and one31- _ parking utilization study. unal vice chair Scott shadowing or overlook, all planner Tricia Colling- 16 storeys. storey residential building. Town staff said Smart- novel noted that Smart- in accordance with Oak- wood noted ina report that That reportended witha The development will Centres has also agreed Centres and the town had ville's guidelines. To the even with bonusing (mon. recommendation that house 587 residential units. that the size of the ground __ reached a settlement. building height, Oakville's ey or services provided to council approve the devel- The previous Smart- floor retail space will be in- In an evaluation of the previous bonusing provi. the town by developers in opment proposal. Centres proposal also fea- creasedtoallowforalarger proposed development sions would have permitted exchange for the town per- It was also pointed out in tured 499 parking spaces te! Tousaw said the zo taller structures than set ig them to construct the report that the subject housed within one level of TheysaidSmartCentres changes and official plan out in the zoning bylaw, an: puuldiees with greaterden- site is located in the Up- underground parking and further agreedtograntthe amendments sought by the taller structures here sity and heights than nor- _ town Core growth area. S | () () Turn to the experts Watson Investments *TERMS AND CONDITIONS APPLY IN REBATES* HEATING & COOLING www.aireonewest.ca Peter Watson. MBA, CFP, CIM, RFP, FCSI MBA, CFP, CIM m info@watsoninvestments.com BOOK A MEETING Watson Investments can help you. to learn more about how (905) 842-2100 £702 ‘Zz eunr ‘Kepsiny, | seaveg eayeo | ¢ woo-uoyeyepIsu!