West Village Partners (WVP) recently purchased a 72-acre former oil refinery site in Port Credit, Ontario, and will be working with residents and stakeholders to transform the lands into a live-work-play waterfront community.
Located at 70 Mississauga Road South on the shore of Lake Ontario, the development is a joint venture with Kilmer Group, Dream Unlimited Corp, Diamond Corp, and FRAM + Slokker. In December 2016, WVP was selected by Imperial Oil as the winning bidder after an in-depth RFP process to purchase the property.
The mixed-use master plan calls for about 200,000 square feet of office and retail assets, a new waterfront park with a beach and ecological gardens, a community centre, four green corridors that link the waterfront to Lakeshore Road, and gathering spots and amenities that are highly vegetated and interactive. Linking these components together will be an intricate pedestrian network and bike routes, and a rejuvenated Lakeshore Road West main street.
Site studies are now underway, with the goal of beginning work this fall. Phased construction is anticipated to begin in 2019.
“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,” said WVP Spokesperson Ken Tanenbaum, vice chairman of Kilmer Group.
Mississauga Mayor Bonnie Crombie attended the announcement of the draft plan last week.
“The unveiling of the draft plan for this new development is proof that Mississauga is a city in demand and that people continue to choose Mississauga to raise a family, find a well-paying job and enjoy an unrivalled quality of life,” Mayor Crombie noted.
Later this spring, WVP will hold the first of a series of public engagement meetings to deliver an extraordinary landmark development for the city.