Downtown Mississauga will soon be a reality when one luxury Toronto real estate developer embarks on its plans to establish a new downtown district in the heart of the city.
Intended to include condominium towers, a new hotel, international retailers, casual and fine dining spaces, modern office accommodation, a public square and accessible green spaces; early and unreleased marketing materials suggest the new development from luxury real estate leaders Camrost Felcorp will be dubbed The Exchange District.
The company, which has filed applications with the City of Mississauga, is seeking approval to redevelop the nearly 3-acre site at 151 City Centre Drive.
Camrost’s grand plans, according to sources with the development teams and publicly accessible documents, will see the current underutilized site — located adjacent to Square One — transformed into a high-density modern, mixed-use urban district.
Led by Henry Burstyn, architect and partner at the Toronto office of the IBI Group, and featuring interior designs by the city’s hottest new agency, JovenHuard, Camrost is envisioning more than 2,000 condominium residences among four tall towers (upwards of 72 storeys) of modern design.