market overview
assessing the site plan
• Access via signalize intersection • 5.8 parking stalls per 1,000 sq. ft. of GLA • Visible storefronts, at grade site lines • Pylon signage • Modern facades and building design • Loading and on-side garbage facilities • Drive-thru stacking compatible with co-tenants • Multiple drive aisle for automotive access and movement • 31,330 average annual daily traffic
about north Oshawa
Oshawa is the largest urban municipality in the Region of Durham, with a population expected to grow to 300,000 people by 2051, a 40% growth from today’s population of 210,000. With the majority of South Oshawa developed, North Oshawa is experiencing significant development and growth, driven by the expanding population. Residential development continues to grow, with new projects like ‘Harmony District’, ‘Heartwood Village’, and ‘The Heights of Harmony’ offering a mix of single, semi-detached and townhomes across North Oshawa. Recent projects like ‘Dreamscape’, ‘Palmetto’, and ‘Winchester Estates’ have continued with significant sales, proving North Oshawa’s reputation for desirability as a family-friendly environment for home ownership. Within 3 km of the Site, there is a population of 81,500 people, which is anticipated to grow to 89,600 by 2030, a 9.8% growth rate. With 70% of the population owning their own dwelling, and an average household income of over $135,000, the surrounding neighbourhood is a stable market for continued retail growth. Taunton Road offers a wide range of commercial options to local residents, both east and west of the Site, that are anchored by major retailers.
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official plan and zoning
Under the City of Oshawa Official Plan, the Site is designated as within the Pinecrest Planning Area, and subject to the policies of the Part II Plan. Under the Pinecrest Secondary Plan, the lands are designated Planned Commercial Centre, areas which permit commercial uses such as supermarkets, retailers and personal service stores. Under Zoning By-law 60-94, the Site is Zoned Planned Commercial Centre, permitting a wide range of commercial, residential and institutional uses, with Special Provisions restricting the maximum GFA of an individual supermarket to 35,000 ft2. 6
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