“It’s a fantastic water front location and there aren’t many undeveloped ocean front areas left in the city. In keeping with that and the way the property is configured, we thought that there was a demand for a waterfront restaurant/bistro,” says Stephen Price, COO of Graywood Developments Ltd, who’s Ocean Club Waterfront Condominiums [map] are at pre-construction stage.
“We felt that having an outdoor patio was particularly suitable to this site and would be appealing to not only the residents of this building but to the surrounding developments also. There are other restaurants in the area but we saw that there is demand for more “lifestyle retail” that will allow people to spend more time in the immediate area as opposed to travelling in their cars to other locations.”
“When we purchased the site at Park Lawn and Lakeshore we saw it as having an opportunity of being more than simply a high rise residential project, which had principally been approved”, says Ian Duke, VP Corporate Development of Onni Group of Companies.
“It’s located at a great intersection in terms of traffic and visibility and seeing the growth of high rise residential development in the area, an increase in population, and a lack of retail and social amenities to match the neighbourhood, we realised we had a big enough site here to do something substantial.”“We did a lot of work with our consultants and architects and developed a plan that would accommodate a major grocery anchor, likely a pharmacy anchor, and enough ancillary retail to hopefully create a village feel and provide a full range of amenities – cafes, maybe a restaurant, banking…..you know the whole experience so that people could park and get a bunch done.”
The first committed retailer to the project is a major national grocery chain, who just recently put pen to paper on opening up a store on site.
“The key was to get our anchor committed and I think everything else falls into place once you have a good strong anchor.”“It’s a great area – the green space, the proximity to the lake, it’s relatively easy to get in and out of the area and head to downtown, but it doesn’t have that complete community array of amenities that i think ultimately you’re gonna want to have there.”“For those living in our development or close by, it’s an easy walk and it gives them a sort of social hub which has somewhat been lacking in the area.”
“We have a 16,000 sq. ft retail complex which is going to be the gateway entrance to the complex,” said Jason Shiff, Executive VP of Sales for South Beach Condos.“It’s very exciting and will add a lot to the infrastructure of the area. It’s high end and will be open to anybody in the area. We’re keeping everything in-house – we’re gonna run it with our own people. We have a hotel, a restaurant and cafe so we’re gonna run it ourselves.”
“It was a very, very unique selling feature for our project. I think it’s going to add a lot to the area – there’s not much that’s close to the water right now and there’s not too much retail so it’s going to add a lot to the infrastructure and wil increase the property value of the surrounding area.”