Waterfront Development Vision Comes to Life in Mississauga

Waterfront Development Vision Comes to Life in Mississauga
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The Lakeview Innovation District is at the heart of the 177-acre Lakeview Village, an ambitious, historic reimagining of the former coal burning Lakeview Generating Station.

The master-planned waterfront development combines employment and office spaces, residential, retail, parks, and public spaces.

“It is a one-of-a-kind opportunity within the second-largest technology corridor in North America, stretching from Toronto to Waterloo,” says Brian Sutherland, vice president of development for Argo Development Corporation, a partner in Lakeview Community Partners Limited, the consortium of developers behind Lakeview Village.

“I certainly don’t know of anything else like it. It really is special.”

The Lakeview land is a strategic asset for the City in its commitment to activating a national and global innovation identity through IDEA Mississauga – Mississauga’s new entrepreneurship and innovation market identifier. The Lakeview Innovation District has the potential to position Mississauga as the scaling and commercialization global leader, and a centre for entrepreneurship and innovation within the region, says Bonnie Brown, director of the Economic Development Office at the City of Mississauga.

“This is an aspirational city-building initiative.”

The 20-acre Lakeview Innovation District will include 1.5 million square feet of flexible office and co-working spaces, and state-of-the-art labs and research facilities across 12 to 14 buildings. At full buildout, it will employ 9,000 people in knowledge-intensive jobs.

The Innovation District, and its attraction of high-tech firms, technology incubators, researchers and entrepreneurs, is a critical component of the project, says Sutherland.

“The Lakeview Innovation District is central to our vision for the future Lakeview Village community. It will be a vibrant place to work and attract talented people and forward-thinking companies. We are also hopeful about bringing a post-secondary satellite campus to the district. The Innovation District provides an exciting and unique opportunity for leading businesses to integrate into one of North America’s largest waterfront communities.”

With sustainability as a foundational element, Lakeview Village will feature a low-carbon district energy system – located in the Innovation District – that will use effluent waste heat from the adjacent wastewater treatment plant as the main source of energy to heat and cool the buildings. It will be the first of its kind facility in Ontario.

To learn more about Lakeview Village plans and opportunities visit: www.ideamississauga.ca/discover/