Oakville Claystone | 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.
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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.
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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').

42
 
renx.ca

Graywood attracts Japanese investor for GTA condo JV

Graywood Developments is partnering with Japan’s Hankyu Hanshin Properties (HHP) to develop a $120 million condominium project in Oakville that Graywood president and CEO Stephen Price says could be the first of several JV projects with the Japanese firm.
renx.ca renx.ca

Graywood Developments is partnering with Japan’s Hankyu Hanshin Properties (HHP) to develop a $120-million condominium project in the Greater Toronto Area town of Oakville that Graywood president and CEO Stephen Price says could be the first of several JVs with the firm.Graywood Developments is partnering with Japan’s Hankyu Hanshin Properties (HHP) to develop a $120-million condominium project in the Greater Toronto Area town of Oakville that Graywood president and CEO Stephen Price says could be the first of several JVs with the firm.

Very intersting how foreign investor wants a piece of the Canadian Real Estate pie...
 
While the tower is a little too monochromatic and beige for my taste, it’s the kind of mixed-use “avenue-style” project that Lakeshore needs to realize its potential as the heart of a vibrant, walkable, and mixed-use area. There’s great potential here that shouldn’t be squandered through an overly restrictive approach to planning.
 
There are a number of projects, both in Bronte and Oakville, both underway and in Developement, that are turning under utilized parking spaces and single story commercial into commercial/residential projects such as the above.

Transformative may be too strong a word, but in combination with sites where more tower development makes sense, there is an opportunity to strengthen neighbourhoods going forward, that connect and reflect the present and past in these new and future builds.

There is scope all along the Lakeshore within Bronte, and some surrounding streets for much of the same, and in Oakville as well, on Lakeshore west of the bridge, and on Randall, Church and Robinson - streets with far too much surface parking, or enclaves of single story commercial dating to the 50’s and 60’s.
 
Sales will start this spring per:
https://nationalpost.com/life/homes/on-the-map-oakville-low-rise-with-a-village-feel
Units will start from the $600,000s. Some excerpts:
Claystone’s suite mix includes one-bedroom, one-bedroom-plus-den, two-bedroom, two-bedroom-plus-den and three-bedroom-plus-den layouts. Larger suites range up to 1,800 square feet
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One standout feature is the collection of 18 private rooftop terraces. Ranging from 170 to 440 square feet, each offers water, gas and electrical hookups and is designed “to be treated like your own backyard, with a view either to the lake or over the treetops of the neighbourhood,” Kemp says.
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Claystone aims to enhance Bronte’s retail scene with over 6,500 square feet of street-level commercial space. The development team envisions a mix of retail shops, restaurants and personal service providers that will integrate with the area’s village feel. “We’re excited to bring in Main Street-style retail that complements Bronte’s charm,” Kemp says.
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New Renders:
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3-otm.jpg
 
Looks like sales, despite being slow, are steady and they plan to break ground in the latter half of 2026:
The real estate investment management company remains active in the condo market and launched Claystone at 2375 Lakeshore Rd. W. in Oakville, Ont. in April. The seven-storey, 141-unit building is being developed in partnership with Hankyu Hanshin Properties, a real estate company from Osaka, Japan.

“We've been thrilled with the community's response to that project,” Sweeney said. “We've really enjoyed working with our partners, HHP, throughout that process.

“We’ve seen sales steadily continue through the summer. The market isn't what it was a few years ago but we're very proud of our team and don't foresee any delays in getting that project underway.”

Sweeney would like to be in the ground with Claystone in the back half of 2026.
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From https://renx.ca/graywood-toronto-more-emphasis-purpose-built-rental-development

Undead said:
Density alone won't fix these areas. In fact, traffic calming and public realm improvements would be the most impactful.
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Town council actually endorsed the Bronte Streetscape study a few weeks ago, so this is coming! Offroad biketracks, trees, and improved boulevards are all of the plan: https://www.oakville.ca/town-hall/n...etscape-studies-for-bronte-and-kerr-villages/
 
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