Oakville 2377 Lakeshore Road West | 33.35m | 9s | Graywood | Diamond Schmitt

AlbertC

AlbertC

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www.newswire.ca

Graywood Developments LP announces Final Closing of Graywood Fund IX alongside Acquisition of three-tower site in Vaughan Metropolitan Centre

/CNW/ - Graywood Developments LP ("Graywood") announced that it has completed the final closing of its ninth real estate private equity fund, Graywood Fund IX...
www.newswire.ca www.newswire.ca


Graywood acquired 2365 & 2377 Lakeshore Road West ("Lakeshore Road") in the Bronte Village neighborhood in Oakville as its second acquisition in September 2021. The Lakeshore Road project is expected to have 138 units in mid-rise built form along the shores of Lake Ontario.
Click to expand...

Current view of the site:

lakesoak.JPG
 
If you are a native of Bronte, being labelled a neighborhood of Oakville, can leave a very sour taste, but from a real estate view it is sound marketing.

More importantly, this is an interesting development in a section of the Lakeshore from East Street to the Bronte Creek bridge that is so ready for infill and pedestrian orientated development to maximize the 'village' as it functions now. There has been some recent development in the area over the past few years but there is certainly room for much, much more. Decent connections to Bronte GO, decent bus network, decent cycling network centered on Lakeshore and the weekend plethora of pelotons. Should be interesting to see what comes to the table.
 
Good development for this strip, I think. No development application sign on site that I saw.
PXL_20220606_143143555.jpg


I also notice that across the street and east a bit, almost kitty corner, 2318- 2330 Lakeshore West are almost completely empty of retail. Perhaps another development proposal soon?
 
What a bastion of stupidity Oakville can be (although they'll like that I used the word 'bastion').

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