New Mississauga condo towers will bring $4 million in upgrades to two parks, major road
Published April 3, 2023 at 3:10 pm
A new development slated for completion in 2025 that will see two condo towers rise at a busy intersection in the heart of Mississauga will also bring with it some $4 million in improvements to two nearby parks and a major road.
In a report brought forth to the March 27 meeting of the City of Mississauga’s planning and development committee, planning commissioner Andrew Whittemore laid out details of the plan in which the City will receive community-building cash from the developer of the 17- and 24-storey towers to be built on the southeast corner of Hurontario St. and Bristol Rd. E.
The $4 million, to be acquired by the City via a Community Benefits contribution, will be used for improvements to the year-old Saigon Park (Hurontario St., west of Matheson Blvd.), to help build a future park on the Grand Highland/Antrex property just to the east of the condos and for improvements to nearby McLaughlin Rd.
The Grand Highland/Antrex land includes two acres where more than 41,000 artifacts were earlier discovered. That section is now known as the Antrex Indigenous Village.
Under the Ontario Planning Act and Mississauga Official Plan, the City can secure a Community Benefits payment from a property owner whenever it allows for increases in permitted developments.
A map submitted in the development application shows the location of the development at Hurontario and Bristol Rds.
The new mixed-use development, which will house more than 500 residential units, will see the two towers connected by a five-storey base comprised of condo units and as much as 14,000 square feet of retail space at ground level.
Called Above at Bristol Station Condos, it’s expected to be completed in 2025.
The area is a busy part of Mississauga, development-wise, these days as numerous projects seek the green light to build along the Hurontario St. corridor.
The 18-kilometre Hurontario light-rail transit (LRT) route, known as the Hazel McCallion Line, will take passengers from Port Credit GO station in Mississauga’s south all the way north to Brampton, with 19 stops in between, when it opens in fall 2024.
The Bristol Rd. LRT station will be located right across from the two condo towers.
“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,” an executive with the developer said in an earlier news release.
The property was also the site of a massive fire back in October 2017. The CIBC bank, Heart Sushi, Bombay Chopsticks and Naan Kabob were all damaged in the blaze, and the building was later torn down.
insauga's Editorial Standards and Policies advertising