Daniels Corp. building Canada’s biggest project
January 30, 2020
Daniels Corp. has been awarded the contract for what is being hailed as the largest mixed-use development in Canada—a 130-acre project surrounding the Square One Shopping Centre in Mississauga that will eventually include 18,000 residential units.
Developer Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, which is partnering with Alberta Investment Management Corp., said the giant development will begin this year. The master plan also involves office towers, community buildings and green space—all linked to a transit hub. Residential construction—which includes a 48-storey, 575-unit condominium tower and a 36-storey, 402-unit rental apartment tower—will lead as the first phase. “We will work collaboratively with the City and its residents to build a vibrant downtown that meets the needs and aspirations of Mississauga for generations to come,” pledged Mark Cote, head of development for Oxford Properties in Canada. Slated to be a “multi-phase, multi-decade” undertaking, it currently ranks as the largest mixed-use development to be tackled in the downtown of a Canadian city. The master plan includes a total of 18 million square feet of new development that will accommodate 35,000 residents.