Wednesday, April 18, 2012 - for immediate release
Town acquires 5,404 square metres of waterfront land and trails from Edgemere Estates.
Town of Oakville now owns an additional 5,404 square metres of prime waterfront land and trails following the final site plan approval for Edgemere Estates Limited. When completed, the publically accessible waterfront and trails will run south along Maple Grove Drive from Lakeshore Road to the waterfront, along the shore of Lake Ontario and then north connecting back to Lakeshore Road by way of a trail through Wedgewood Creek.
“Council and I are proud of the agreement reached between the town and Edgemere Estates,” Mayor Rob Burton said. “Creating public access to our waterfront and expanding our trail systems meets our goal of creating a sustainable community, and ensures future generations can enjoy this beautiful area.”
As part of the settlement agreement, Edgemere Estate Limited dedicated a 15 metre wide linear strip of waterfront property together with connecting pathways. A public park and trail system will be constructed and paid for by the builder.
Edgemere Estate Limited will construct 10, 2.5 storey elegant residential buildings, each containing three units at 1502 Lakeshore Road East. Development of the waterfront access and trails will be phased-in as the homes are constructed. In addition, a number of heritage buildings and landscape elements on the Edgemere property will be preserved and maintained by Edgemere Estates Limited.
Town staff will continue to work with Edgemere Estates Limited throughout the construction process.