PHOTOS: What the old Tim Hortons building in Mississauga looks like now
An energy-efficient 66-storey tower that will be run by off-grid energy will be just one part of a mixed-use community that's taking shape in Mississauga's City Centre neighbourhood.
Camrost Felcorp Inc., the developer of the up and coming Exchange District condo community, recently announced that the drilling of 186 geothermal boreholes—which will provide an alternative energy source to two of the four towers in the development—is complete.
According to Camrost, the project will bring off-grid energy to the development's purpose-built rental tower, the 650 suites in the 66-storey EX3 condominium tower and the guests of the planned boutique hotel structure.
In a news release, Camrost said the buildings will benefit from a low carbon heating and cooling solution that will not require heating boilers or rooftop cooling towers. The company also said that geothermal eliminates the need for natural gas for heating.
Once complete, EX3 will be the tallest residential development in the province to feature a geothermal-based approach to sustainable energy service.
"The Exchange District is an award-winning community, celebrated for its careful urban planning, distinctive architecture, and smart design, not to mention its unparalleled, transit-oriented location in the heart of the Mississauga's City Centre," said Joseph Feldman, Vice President of Development at Camrost Felcorp, in a statement.
"But in today's real estate environment, we understand that those attributes are simply not enough for our market. Purchasers, renters, retailers and those who care about creating great communities, all agree that today's communities must also be environmentally sensitive, sustainable and conscientious."
Exchange District rendering
Camrost also announced a partnership with Mitsubishi Electric to utilize the company's Variable Refrigerant Flow (VRF) system, which Camrost says allows for better zoned thermal control of a building and long-term savings.
Exchange District, which is being built where the old "Tim Hortons building" used to stand, will feature three condominium towers, a rental residence and a hotel. A multi-use community, Exchange District will boast more than 2-million square feet of retail, shopping, dining, office and commercial spaces, new public parks and open spaces.
- Massive Development Proposed for Mississauga’s City Centre
- New Oakville development debut's multi-residential geoexchange energy system
- Two condo towers and new LCBO announced for brand new neighbourhood in Mississauga
- Huge New Condo Community Slated for City Centre Area in Mississauga
- PHOTOS: History-making, 18 million square foot development planned for Mississauga
- Mississauga's 5 ugliest buildings
- Another 7 flights with 38 rows affected land with COVID-19 at Pearson Airport in Mississauga
- VIDEO: Canada Post truck rollover leads to major delays on 401 in Mississauga
- Motorcyclist hospitalized after colliding with vehicle in Mississauga
- Some universities say no to proof of vaccination requirement