New Mississauga condo development to replace building burnt in massive fire
Published November 10, 2022 at 12:32 pm
A new condo development slated for downtown Mississauga will transform a plaza, part of which was burned in a fire.
The development at 30 Bristol Road East, the southeast corner of Hurontario Street and Bristol Road East, has been in the works for a few years.
The property was the site of a massive fire back in October 2017. The CIBC bank, Heart Sushi, Bombay Chopsticks and Naan Kabob were damaged in the blaze, and the building was later torn down.
An application to redevelop the property came in 2019.
Last year, Marlin Spring and RioCan Living announced a partnership to develop the 2.43-acre site. And now plans are coming together for a two-tower, mixed-use residential community providing over 500 units.
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A map submitted in the development application shows the location of the development at Hurontario and Bristol Road East.
Launched as Above Condos, a key selling point of the development it’s location across from the future LRT Bristol station. The official website for the development even features an interactive LRT train moving along Hurontario Street.
The LRT is still a couple of years away from opening. The 18-kilometre Hazel McCallion Line is expected to open to passengers in fall 2024.
“This development, with its proximity to public transit and in a well-established neighbourhood, easily met our criteria of acquiring and developing transit-oriented communities in central neighbourhoods within the GTA,” said Pedro Lopes, senior vice president, development for Marlin Spring in a press release.
“Investment in public infrastructure such as the Hurontario LRT enables RioCan Living and our partners to deliver more housing options to more Canadians at a time when it’s needed most,” added John Ballantyne, SVP, asset management, RioCan REIT.
People can register their interest in a unit with prices starting at $474,000.
The development is expected to be complete in 2025.
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