Mississauga's Waterfront Transformation - Lakeview Village

Posted by Paul Ambler on Tuesday, May 7th, 2019 at 11:43am.


Remember those famous, tall, smokey coal stacks on that amazing lakefront property in south Mississauga? Check out the developers rendition of the Lakeview Village Development and you will quickly forget it.

 

If you don't live in Port Credit or South Mississauga/Lakeview, you may not have heard about the BIG upcoming changes to the waterfront land in that area. The City of Mississauga is in the midst of the approval process of a complete re-development of the the waterfront.  "Lakeview Village" is what the future community will be named and will see a complete overhaul of the area east of Port Credit & Lakeshore Rd.  The proposed development will be situated on on the 177 acre parcel of land formerly home to the "4 sisters" coal stacks at the Lakeview Power Generation Plant from 1962-2005. The area hasn't seen much development in that last few decades as the land was occupied by commercial and industrial buildings. Since the coal plant was demolished a few years ago, the land has been patiently waiting for its new purpose. The City Of Mississauga has seen a huge demand for lakefront development and this project surely won't disappoint and should breathe some new life into the area as well as some of the surrounding neighbourhoods. 

The Lakeview Village master plan will be organized into a series of co-ordinated neighbourhoods and districts. The Ogden Green, Waterway Common, The Marina, The Lakeview Gateway, Lakeview Square, Season Innovation Corridor & Innovation Point. Each one of these districts will house different functions within the entire development, but all of them will be interconnected with the goal of "Reconnecting the community through a diverse mix of residential offerings, as well as institutional, cultural, office and retail spaces". It will fit with the live, work, play themes of numerous developments happening around the GTA. This won't only be about putting up retail space and condo buildings, this will be a completely new community. 15,000-17,000 new residents are expected, 7000-8000 new homes from townhouses, mid-rises & taller buildings. The project also hopes to create between 3500-4500 long term jobs with room for campus and cultural land as well. Unique gathering and recreational spaces will weave throughout the community contributing to a dynamic, walkable, connected, and active lifestyle at the water’s edge and extending onto the lake at "Inspiration Point". Inspiration Point, once a former industrial pier, will become one of Lakeview Village’s most inviting and celebrated features. Extending more than 600 metres into Lake Ontario, this destination attraction will provide people from across the region an unparalleled vista of the waterfront experience. Public art, cultural pop-ups, and active public space along both the reclaimed pier and newly created park space, Inspiration Point will integrate seamlessly with Waterway Common and Lakeview Square. Providing unprecedented views to downtown Toronto, Mississauga, and across the entire Lake Ontario. Further contributing to Inspiration Point’s cultural dynamism will be a civic, open-air music venue, built into the edge of ‘Coal Hill’ and programmed to let boaters, beach goers, and picnickers alike take in some of the region’s best acts. 

 

Residential development in the village is expected to be diverse with some high rise condominiums mixed with a majority of mid-rise and low rise real estate. While the mix of buildings will vary, the theme of the development phase of the project is "Vistas & Views". Landmark buildings that will identify the region from close by Etobicoke & Toronto will be built with a strategic density plan to ensure access to public transit is logical along transit routes and the lakefront. Townhomes up to 4 storeys in height will be used to establish the streetscape while mid rise residences 5-8 storeys in height will be mixed throughout as the predominant design. Taller buildings from 9-16+ are storeys expected to be spaced considerably apart from each other to ensure the open space themes are maintained. 

Phase 1 of this development is expected to begin in Spring 2020 and will continue for a number of years. With all the new residents the development is expected to attract there is no doubt that the neighbouring regions like Lakeview, Long Branch, Port Credit and South Mississauga in general will become an even more popular place to live and work. The development will likely create some interesting investment opportunities as well. If there ever was a time to consider moving or investing to the Lakeview community, now is an opportune time as home prices are fairly stable. As the region slowly turns into Mississauga's southern downtown core on the water this may change in the near future. 

For more information about the proposed development reach out to paul@remaxprofessionals.ca or sign up for automatic updates so you can receive the latest Lakeview Village development information automatically. 

 

 

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