The Town of Oakville and Goldmanco Incorporated reach settlement on Bronte Mall development

Tuesday, June 26, 2012 – for immediate release

The Town of Oakville and Goldmanco Incorporated reach settlement on Bronte Mall development

OMB approves settlement

The Town of Oakville and Goldmanco Incorporated presented a settlement regarding the redevelopment of the current Bronte Village Mall property to the Ontario Municipal Board (OMB) last Friday. The OMB decision allows development to move forward under the settlement framework.

“With the OMB appeal now resolved, it provides Goldmanco Incorporated permission to revitalize this site; an important step forward for everyone,” Mayor Rob Burton said. “This is an opportunity to see the mall site redeveloped adding more value and vitality to the Bronte area.”

There will be a phased-in approach to the redevelopment of the site with some short and long term goals. Early revitalization will be seen through redevelopment and streetscape improvements; long term goals will ensure development and revitalization of the site is done in accordance with the Livable Oakville Plan. The settlement also protects the opportunity for a food store to remain on the site.

Other highlights of the settlement include:

A publicly-owned market square along Lakeshore Road creating a focal point for activities
A publicly-owned parkette along Sovereign Street
Connections through the site, east/west with an internal driveway and also on the north side connecting the market square and the parkette by way of a publicly owned corridor
Terracing and courtyards along Sovereign Street respecting the homes on the north side
Implementation of the policies and objectives of the Livable Oakville Plan

The OMB approved a 14-storey building along Bronte Road and a 10-storey building in the interior of the site. Both buildings will be terraced towards Sovereign Street. Ground floor retail will be permitted in each of the buildings to allow opportunities for new commercial uses fronting onto Bronte Road and the internal pathways. Additional commercial uses will be required to front Lakeshore Road and the town-owned market square.

Development will happen in phases and potentially over the next 20 years due to current long term leases. The west side of the property is expected to develop first with mixed uses while the existing leases are still in effect. The settlement also requires early improvements to the Lakeshore Road and Jones Street frontages.

In the longer term, commercial uses on the east side of the property will be relocated to Lakeshore Road adjacent to the urban square. Townhouses would replace the existing commercial buildings on Sovereign Street.

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Media contact

Dana Anderson
Director, Planning Services
Town of Oakville
905-815-6020
danderson@oakville.ca


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The Town of Oakville and Goldmanco Incorporated reach settlement on Bronte Mall development