Update: We will be doing a VIP release to our clients March 22nd. Please register on our M City Condo page to get first access at this project.
As pre-construction condos are rising in popularity and we know of all the current builder projects and their plans to expand their developments, it is to no surprise that a brand new 10 Tower project development has been announced. Many have wondered about that large piece of land; 15 acres to be exact, of land that is just to the east of the Grand Park Tower and Grand Park Tower II buildings and what would come of it.
About 3 years ago, Rogers Real Estate had submitted a plan proposing a project that was then named Garden City, which was changed once they filed for the trademark “M City” this July. The trademark included a logo and is related to real estate services. The earlier site-plan that had been submitted with the name Garden City included 5 new streets cutting through the community and still bounded by Burnhamthorpe Rd W to the north, Webb Dr to the south and Confederation Parkway to the east, and the Grand Park Towers to the west.
Today Rogers Real Estate Development Limited & Mississauga Mayor Bonnie Crombie have unveiled the $1.5 billion, 15 acre and $4.3 million sq ft project M City Condos. The land had originally been bought in the 60’s by Ted Rogers and was planned to have a radio transmitter on the site. The site back in the 1960s was purchased for only $170,000. Rogers Real Estate Development Limited partnered up with Toronto’s developer Urban Capital Property Group for this project.
The Downtown21 plan encompasses a more pedestrian friendly downtown core and a great transportation system: the LRT. This site promises just that, a downtown loop of a future LRT, 2 acres of parkland, public spaces, 2 way roads, on street parking, generous sidewalks, and residential frontages along with the best wireless, high-speed Internet and cable technology. The vision is to create a livable, walkable city, home to mixed-use residential and commercial developments that are connected to an extensive public transit network, according to Mississauga Mayor Bonnie Crombie. We have already seen some of the downtown core being transformed into the Downtown21 plan with the renovation of Square One Mall and the north facing side of the mall that has added a pedestrian friendly square with wider sidewalks, greenery and water fountains.
Along with the 2 acres of parkland, the plan will add 6,000 units for rent or sale starting with phase I as early as 2017/2018. This stage will provide 700 units and 51 storeys with 7 floor plates that have a rotating design and will start in the price range of $200,000 – $750,000. The development will have interesting and exciting building designs and will host privately owned condos & rentals with leased commercial space on the lower floors.
The phase I building will be located at the southwest corner of Burnhamthorpe Rd W and Confederation Parkway. The 10 towers are conveniently located within the Mississauga Downtown Core, walking distance to the Mississauga Public Library, The YMCA, Celebration Square, City Hall, Future LRT Transit Stops, Go Bus Stops, Mississauga Public Transit and Square One Mall.
If you are interested in this new and upcoming project please fill out this request form for all new information coming in, such as price-lists, floor-plans and more. We expect to see a sales-centre pop up within the next few months as we see construction crew starting to dig.
You can follow any responses to this entry through the RSS 2.0 feed.