[Guelph, ON – March 14, 2022]
Plans are underway for an expansive apartment development on East Bayshore Road in Owen Sound that will bring much-needed new rental suites to the city.
On March 14, 2022, Guelph-based developer SkyDev purchased 37.7 acres of land at 3195 East Bayshore Road from Smithcorp Realty Inc. The site fronts Georgian Bay’s eastern shore and was previously home to the RCA factory.
SkyDev will be seeking approval for redevelopment of the site to accommodate high-quality apartments along with central indoor/outdoor amenity buildings. The proposed development is designed to provide for expansive western sunset views with extensive green space.
In addition to being situated on the shorefront, the development is adjacent to the Tom Thomson Trail and less than a ten-minute drive to amenities such as grocery stores, LCBO, retail shopping, golf clubs, and the Owen Sound Attack arena.
The development is anticipated to be underway by 2024.
“SkyDev is pleased to be developing new, high-quality rental housing in Owen Sound. The City of Owen Sound currently has a vacancy rate of 1.8% and we are excited to be providing new living spaces for residents,” said Greg Jones, President, SkyDev.
“We begin development with the end in mind, so every step of our planning is built around sustainability and the end resident experience. That’s why we are preserving an abundance of green space and incorporating community amenities tailored specifically to the wants and needs of residents in this area.”
SkyDev is working to promote the advancement of new residential development in many communities where housing demand is substantial. In the past two years, it has launched new residential developments in several Ontario communities including Welland, Tecumseh, Chatham, and Gravenhurst.
SkyDev is currently overseeing the development of approximately 3,000 new residential apartments across Ontario.
This transaction was recently featured in the Owen Sound Sun Times: Developer wants to build eight apartment buildings on RCA site
SkyDev is a real estate development and construction oversight firm based in Guelph, Ontario.
Providing its services to Skyline Group of Companies, as well as new partnership ventures, SkyDev aims to be the property developer of choice among its key stakeholders.
SkyDev is committed to creating meaningful value through its expertise in the development of sustainable multi-residential, office, and retail real estate across Canada.
To learn more about SkyDev, please visit SkyDev.ca.
SkyDev is part of Skyline Group Of Companies.
For media inquiries, please contact:
Vice President, Corporate Marketing & Communications
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8