Mayor Bonnie Crombie of Mississauga and Edward Rogers announce M City Condos

Mississauga – Mayor Bonnie Crombie and Edward Rogers, son of Ted Rogers, who became one of Canada`s wealthiest people through his involvement in the broadcasting and publishing industries announced on Tuesday a new mega $1.5 billion condominium construction project located at the heart of the Mississauga City Centre.

The developer, Rogers Real Estate Development, has engaged New York-based Cooper Robertson to design the framework and Canadian developer Urban Capital to manage the process. The Toronto-based holding company’s plan describes a signature tower just west of city hall and right next to the downtown loop of a future $1.3-billion LRT to be fully funded by the province.

The parcel of land being used by this project was bought by Ted Rogers for $170,000 in the 1960s to be used for a radio transmitter. This area was farm country back then.

The project is located at the corner of Confederation Pkwy and Burnhamthorpe Road West. It is directly across the street from Parkside Village in Mississauga, making the interaction of Burnhamthorpe Road W & Confederation Pkwy the new Centre of Mississauga City Centre.

The M City Condos plans allow for 6,000 units for rent or sale, ranging in price from $200,000 to $700,000 with the first phase of construction beginning in late 2017 or earlier 2018 and continue in stages over the next decade. The first tower is expected to make an iconic addition to the skyline with 51 undulating stories and 700 units which will go up for sale in 2017. There will be a lot of interest in the M City master planned community, because of its big city design and development. M City Condos registration is now open, but no individual unit of price information has been released.

One of the project`s urban planners, Mark Reeve, says they are offering an alternative comparable to downtown Toronto.

“Starting price will be under $200,000 for a one-bedroom suite, so we`re trying to take people looking at downtown (Toronto) where they`re a lot more expensive and have them take a look at what we`re doing out here,” he said.

The community will be within easy access of the planned LRT and infrastructure improvements will be made to accommodate the 15,000 residents who will call the towers home. Reeve says the project was designed to fit into Mississauga`s Downtown `21 strategy to make the city core more vibrant and resident-friendly.