Construction has begun on the Oak West Corporate Centre in Oakville, Ontario, a new flex office development located just south of the Q.E.W., near the intersection of Burloak Drive and Great Lakes Boulevard.
Phase one will consist of two flex office buildings totaling more than 71,000 square feet and one industrial/flex office building totaling more than 100,000 square feet. Phase two is expected to accommodate about 500,000 square feet, with a combination of flex office and service retail.
Fengate Real Asset Investments (Fengate) is focusing on the development of flex space, which provides flexibility, the ability to create unique, customized spaces and a greater density of occupancy. The amount of flex space has been rising in Oakville over the past few years.
“The Oak West Corporate Centre is an exciting development opportunity that enhances the quality and return profile of our portfolio for the benefit of our investors,” said John Bartkiw, managing director of real estate at Fengate.”
Nearby amenities, such as the 530,000 square foot Power Centre, public transportation through municipal and GO transit, and access to several green spaces with walking trails, also provide a well-balanced location for prospective tenants.