Oakville, developer reach deal to build 31- and 26-storey condo towers

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Published June 16, 2023 at 3:09 pm

A new development will be constructed at the corner of Trafalgar Rd. and Dundas St. featuring a 31-storey residential tower, a 26-storey residential tower and a five-storey podium. TOWN OF OAKVILLE IMAGE

The Town of Oakville and SmartCentres have reached a settlement that will allow the developer to go ahead with the construction of two large condo towers.

The mixed-use building, which will be located at the northwest corner of the Trafalgar Rd. and Oak Park Blvd. intersection, will include a 31-storey residential building and a 26-storey residential building along with a five-storey podium.

The condos will have 587 residential units. The proposal also would see 499 parking spaces located on three levels of aboveground parking and one level of underground parking.

SmartCentres, which originally submitted its development proposals to the town back in April of 2021, received approval from the Ontario Land Tribunal (OLT) early last month (May) for zoning changes to allow for construction of the development.

Town staff had issued a report in mid-June of 2022 recommending approval of zoning and plan changes and before Council received it two weeks later the developer had already made an appeal to the OLT, saying Oakville had failed to make a decision on its proposal.

In the worked out agreement, Oakville requires the size of the retail space on the ground floor be increased by SmartCentres for a larger tenant and that they pay a community benefits charge in accordance with the town’s bylaw.

The developer will also have to reduce single-vehicle occupancy use by having car-space parking spaces and bicycle storage and provide a $2,000 Presto Card at the time of the first purchase of each unit.

SmartCentres will also grant Oakville and/or its Municipal Development Corporation a right of first refusal option to lease or purchase retail space and be required to participate in the town’s parking utilization study.

OLT vice chair Scott Tousaw announced on May 24 the two sides had reached an agreement.

“Studies were conducted which demonstrated no unacceptable effects to surrounding areas from wind, shadowing or overlook, all in accordance with Oakville’s guidelines,” Tousaw said in a statement. “To the building height, Oakville’s previous bonusing provisions would have permitted taller structures than set out in the zoning bylaw, and the taller structures here evolve from the higher density now supported by the in-force Oakville and Halton policies.”

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