In its latest announcement, West Village Partners (WVP) announced that it will be turning the long-abandoned 72-acre parcel (situated in 70 Mississauga Road South in Port Credit) into a development that will serve as a “complete, vibrant and diverse waterfront community where people can live, work and play.”
“This development has been long anticipated and will be a harmonious and supportive complement to Port Credit,” WVP said. “For more than three decades the landmark property at 70 Mississauga Road South on the Lake Ontario shore in Mississauga has sat idle with residents wondering when and how it could be brought to life.
“In December 2016, West Village Partners (WVP) was selected by Imperial Oil as the winning bidder after a robust RFP process to purchase the 72-acre lakefront property and concluded the purchase in March 2017.”
WVP spokesperson Ken Tanenbaum stated that the project will “fulfill important city building objectives” while taking account of the environment.
“We’re determined to deliver a special community that will raise the bar for architectural and design excellence and to transform this section of the Port Credit shoreline into a dynamic waterfront community with places to live, work, shop and play,” according to Tanenbaum, who is also serving as vice chairman of Kilmer Group.
An alliance of major developers has outlined its extensive plan for a newly acquired former industrial site in Ontario, with the intention of turning it into a mixed-use waterfront community.