Yesterday I had the opportunity to be a presenter at the Royal Bank of Canada (RBC) Commercial Real Estate Investment Strategies event held at RBC’s headquarters located in Mississauga.
The event was well attended by RBC’s business clients who are interested in learning about the current trends and data that influence real estate activity today, and the development and investment opportunities in Mississauga.
During the event, I shared several strategic land development opportunities that are happening across the city including the Inspiration Lakeview Project located in the south/east quadrant of Mississauga that offers roughly 99 hectares (245 acres) of lakefront lands proposed for a vibrant, sustainable mixed-use community.
Centrally located, is the Peel District School Board owned Britannia Farm Lands, a 32 acre parcel of development land adjacent to a 170 acre park dedicated to heritage and agricultural use. The lands will have direct access to the City’s future LRT and close proximity to the downtown, making it an ideal location for businesses. This development parcel will be a unique place that transitions from the urban setting of Hurontario and Bristol to the open space setting of the farm lands.
Another project that I shared with the group is the Reshaping of Ninth Line Project located in the north/west side of Mississauga that covers 350 hectares (865 acres), of which 83 hectares (205 acres) are City owned. The Ninth Line Lands were transferred from the Town of Milton to the City of Mississauga in 2010, and represent the “final frontier” of undeveloped land in Mississauga. This area is predominantly residential, anchored by business employment uses at both the north and south end.
Contrary to what people may believe, Mississauga has 1,673 acres of vacant employment lands available for development with an average vacant site size of 8.65 acres. These projects, and more, can be found on the City’s Planning Information Hub, an open data resource that is accessible to the public.