Oxford Properties Group and Alberta Investment Management Corporation unveiled its plan to transform 130-acres around the Square One Shopping Centre in Mississauga into an 18 million square foot master planned mixed-use neighbourhood, which would make it the largest mixed-use downtown development in Canadian history.
Today’s parking lots will be transformed into a vibrant community that will comprise of more than 18,000 residential units, a transit mobility hub connected to the Hurontario LRT, community buildings, office spaces, parks and green spaces.
“Square One District is a bold vision to repurpose underutilized land in the heart of downtown Mississauga to create an entirely new mixed-use urban community,” said Eric Plesman, Executive Vice President and Head of North America for Oxford Properties.
“Our ambition is to build a community more than 35,000 people will be proud to call home. This new community will support employment with world-class office space to help businesses grow while maximizing the positive impact of new transit being developed in Mississauga. It will be a place where business, life and leisure can come together as one.”
“This is a real opportunity to deliver a walkable, downtown district in Mississauga that gives residents and workers an exceptional array of destination retail, food and entertainment options. Square One District is about creating a true mixed-use community. We will work collaboratively with the City and its residents to build a vibrant downtown that meets the evolving needs and aspirations of Mississauga for generations to come” added Mark Cote, Oxford Properties’ Head of Development, Canada.
New office towers will play an important role in turning Square One District into a true, large-scale mixed-use project. Oxford will begin marketing the first office tower to prospective tenants in Q2 2020.
• 130 acres anchored by Square One Shopping Centre
• 18 million square feet
• 37 towers
• 18,000 residential units capable of accommodating 35,000 residents, more than half will be rental apartments
• New commercial office space and additional retail
• Boundaries include Burnhamthorpe Road, Confederation Parkway, Highway 403 and City Centre Drive
• Developed by Oxford Properties & AIberta Investment Management Corporation (“AIMCo”)
• Partner for first residential phase: The Daniels Corporation
• Masterplan Architects: Hariri Pontarini Architects
• The Square One District is a multi-phase, multi decade project
• Groundbreaking of first two residential towers to begin in summer 2020
• An additional 5,000 residential units to be launched over the next five to seven years
• Marketing of the first office tower to prospective
tenants to commence this spring
• Mississauga is the 6th largest city in Canada, third in Ontario with a population approaching 800,000
• The population of downtown Mississauga is expected to double by 2041
• By 2041, Mississauga is expected to be home to 920,000 people and 565,000 jobs
• The number of buildings in the downtown is expected to nearly double by 2041
• This year, major construction will start on the Hurontario LRT. This is the largest infrastructure investment in our City’s history. Thousands of jobs and businesses and over 12,000 new housing units will be built along the corridor.