$825 million business park development coming soon to Milton
Published September 20, 2022 at 1:51 pm
Earlier today (Sept. 20), Oxford Properties Group hosted a groundbreaking ceremony for the first phase of a new multi-million dollar industrial development in Milton.
The new development will be situated across 180 acres of vacant land and turned into a 3.3 million square foot master-planned industrial development called the James Snow Business Park (JSBP).
The JSBP, which aims to be a sustainable business community for employers, employees and the region, is set to combine state-of-the-art industrial and commercial buildings with a sustainable design.
The park is set to be developed in multiple phases and will feature a total of 14 buildings, many of which will harness the power of solar energy, infrared heating and eco-friendly lighting.
Additionally, according to the Master Plan, the JSBP will combine a sustainable design with urban esthetics and will integrate “the foundations of the modern workplace into the natural world.”
The first phase will represent a total of 1.55 million square feet across four buildings which will be located at 10725 Louis St. Laurent Ave., 6440 Fifth Line and 905 and 955 James Snow Pkwy South.
Videos
A total of 400,000 square feet of solar photovoltaic arrays will be installed in the first phase alone and the park will target LEED certification and include work meant to preserve, restore and enhance the local natural heritage system.
“The business park will help strengthen Ontario’s supply chain and add a desperately-needed new supply of industrial buildings to the GTA, where the current availability rate sits at below one per cent; the lowest in North America and a constraint on economic growth,” said Jeff Miller, Head of Industrial at Oxford Properties.
“As one of Canada’s fastest-growing municipalities, Milton is at the heart of the GTA West labour pool,” said Milton Mayor Gordon Krantz.
“Our population is set to grow over 25 per cent in the next decade; we’re excited to see this land transformed and developed for our city’s future.”
The multi-phased development will be completed over three phases with the anticipated delivery date for Phase 1 being 2023.
Photo: Oxford Properties
insauga's Editorial Standards and Policies advertising