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LARGEST DEVELOPMENT IN CANADA’S HISTORY IN MISSISSAUGA

A hotbed of high-rise residential construction, the Toronto suburb of Mississauga is coming into its own with the January 21 announcement of Square One District, a 37-tower mixed-use development that "promises to be the final lynchpin in the creation of Mississauga's downtown," Urban Toronto reports. Behind the plan are Oxford Properties Group (part of the team behind NYC's Hudson Yards and owner of the Square One Shopping Center in Mississauga, around which the district will take shape) and Alberta pension fund AIMCo. The source observes Square One District will be the largest development in Canada's history at 18 million ft2, larger than the previous record holder — the 12 million ft2 East Harbour in Toronto. Oxford, in partnership with The Daniels Corp., has gotten the greenlight for phase one, a pair of 36- and 48-story residential towers expected to break ground this summer. The development will feature a pedestrian thoroughfare lined with shops and restaurants known as The Strand.

Image credit: courtesy of Oxford Properties Group

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