News release

Lakeview Village Development Passes Another Milestone With Development Approval

City building | November 10, 2021

Today, Mississauga Council endorsed the Lakeview Development Recommendation Report, reaching an important milestone in the development of the 177-acre site, formerly the Lakeview Power Generating Station lands, located in Mississauga’s Lakeview community. The staff report supports the draft plan of subdivision, rezoning and Official Plan amendment applications, and establishes the land uses for the site.

“We’re one step closer to transforming our waterfront into a world-class destination rivalling Stockholm, Chicago and San Francisco,” said Mayor Bonnie Crombie. “Our waterfront will attract a new generation to Mississauga with liveable, walkable communities connecting the lakeshore from east to west. Parks, open spaces and easy access to the water have defined our vision. From a cultural district with spaces for artists to showcase their work, to an Innovation Corridor with more than 9,000 highly-skilled jobs, the Lakeview Development will revitalize our city. Not only will it be an ideal place to live and work, it will also become a tourism destination with views like no other, boasting the longest pier on this side of Lake Ontario.”

Details of the plans:

8,050 residential units, including more than 400 affordable units
180,000 sq. ft. of commercial space
67 acres of waterfront land dedicated to the City for parks, employment and cultural use
27 acres of overall parkland
Over 14 acres of employment lands
Projected up to 1.5 million sq. ft. of employment space
Over 5.5 kilometres of new bike lanes including a new waterfront trail connection

“This is an exciting day in Mississauga and a great step forward in bringing the lake back to Lakeview. I can only imagine how happy my dear friend Jim Tovey would have been to see this dynamic waterfront project coming to life,” said Ward 1 Councillor Stephen Dasko. “Thank you so much to the community for the time, energy and enthusiasm they have contributed to this collaborative process. There is still much more work to be done. Together, we will create a world class, complete and sustainable community that will define Mississauga for generations to come.”

Today’s approval is the latest step in the multi-year project. In the next phase, Lakeview Community Partners Limited (LCP) will be working through the City’s subdivision engineering process and submitting site plan applications for individual blocks within the development. Following LCP’s second engineering submission to the City for review, which is proposed for May 2022, approximate time lines could see servicing going into the ground in summer 2022 with construction beginning in fall 2022.

Public consultation will continue throughout the process. Currently, the City is seeking feedback on proposed parks in Lakeview Village. An online survey is available until December 9, 2021. The feedback collected from the survey will help inform the park planning process.

“The proposed development fulfils our vision for a vibrant, green, mixed-use waterfront community,” said Paul Mitcham, City Manager and Chief Administrative Officer. “It will bring residents, jobs and visitors to what will become a dynamic area of the city. With Lakeview and developments across the city, we are moving forward, building a beautiful global and sustainable city with economic and cultural opportunities, active transportation and transit options as well as great public spaces that together are creating strong and connected communities.”

The Lakeview Waterfront is one of Mississauga’s three key redevelopment waterfront projects along with Port Credit West Village and 1 Port Street. To watch the Planning presentation at the November 8, 2021 Planning and Development Committee, visit the archived video link.

“I want to thank Lakeview Community Partners (LCP) for working so closely with us to create this exceptional plan,” said Mayor Crombie. “A development of this magnitude would not be possible without the commitment of LCP to our vision. I also want to thank the Lakeview community for its participation and support. From what began as Inspiration Lakeview in 2010 with the late Ward 1 Councillor Jim Tovey, to the phenomenal plans we see today, this could not have happened without your commitment to build an ideal community on the water.”

More information on the project can be found at Mississauga.ca/Lakeview.

Fact Sheet

Images:
(Provided by Lakeview Community Partners Limited)