Square One District Condos – MOVE IN Summer 2024/From $410,900
A new development coming to Mississauga is set to break records. Square One District Condos will be a brand-new, 130 acre master-planned mixed-use community that is primed to be Canada’s largest ever development of it’s kind. With 37 towers, 18 of which will be condominiums, housing a total of 9,146 units, Square One Districts is a staggering undertaking that will change the face of Mississauga forever.
Square One District Highlights:
- Located in the heart of Mississauga
- Walk Score of 90 out of 100 and a Transit Score of 86 out of 100
- Steps to Square One Shopping Centre
- Future Mississauga LRT is coming soon
- Short walking distance from Cooksville GO Station
- Convenient area to enjoy entertainment, shopping and transit including Playdium, Cineplex
- Walking distance from Sheridan College
- Easy access to HWY 403
- Close to Mississauga YMCA and Central Library
- Nearby parks include Living Arts Park, Zonta Meadows and Queen Elizabeth II Jubilee Garden
Square One District contains 130 acre master-planned, mixed-use community will offer condominium ownership and rental residences with every imaginable neighbourhood convenience nearby.
Top 5 Reasons to Invest in Square One District Condos
Mississauga’s downtown core is about to undergo a massive transformation. Square One Shopping Centre, the largest shopping mall in Ontario sits within the centre of the city. In the shape of a diamond, the district is surrounded by major artery roads – Confederation Pkwy to the South West, Burnhamthorpe Rd W to the South East, and Hurontario St and the 403 to the north.
For decades, Square One has been an epicentre for commerce in Mississauga. The shopping centre is a massive 2.2 million square feet of retail. Shopping from Walmart to Hudson’s Bay, Whole Foods to Bulk Barn, everything you could ever need is at Square One. Catch a movie at the Cineplex Cinema, or experience virtual reality and other arcade diversions at the Rec Room. With hundreds of shops, services, and amenities, Square One has been an attraction for people from all over Mississauga, but due to inefficient land usage, it hasn’t been a particularly densely developed area since it’s construction.
Up until now, it has been surrounded by inefficiently used land – a parking lot here, a strip mall there – but thanks to Square One District Condos, this land will be undergoing a rejuvenation. Taking a cue from the new Hazel McCallion Campus, Oxford Properties and The Daniels Corporation plan to repurpose these massive parking lots and open spaces in the area, building above them, and densifying the area. Slowly over the next decade, Square One District will become a “city within a city”, not just housing retail and educational institutions, but becoming a community where people live, work, and play, all within the same district.
In the centre of this bold new development will be The Strand – a pedestrian-friendly hub for the new community that will connect residents to each tower of the complex, and also feature a gorgeous community park with restaurants and cafés, nightlife and transit stations. The Strand will be a new gathering place for the residents of this impressive development, acting as a town square, a meeting place, and a sunny place to relax all at once.
Many of the numbers for this project are simply astounding. The largest development in all of Canada, this 130-acre, master-planned development will house a total of 9,146 residential units spread across 18 condominium towers. An additional 19 towers will be rental buildings as opposed to condos and contain another 8,974 units. That’s a combined 18,120 new homes in the heart of Mississauga!
Further, the district is set to become a huge job-creator. By the end of this decade, the development will be largely complete, and will have created 35,000 new jobs as new retail, offices, services and restaurants surround and enrich both the planned 37 towers, as well as the land around them.
As part of this development, approximately 3 million square-feet will be created for office space. The details on this element of the plan are still in the planning phase, but a large focus for this development will be to have residents working in offices nearby to their homes. Through this, the developers hope to create a sense of community within the district. Shorter commutes, and plenty of convenience and local amenities makes for a better work-life balance for residents.
The first phase of this place will begin construction in the summer or fall of 2020, and will involve two buildings located at Rathburn Road and Confederation Parkway. These two will rise 36 and 48 storeys respectively, and will share a podium base. The base will also include retail space to continue to encourage street-level walkability and ease-of-access to amenities and services for both residents and visitors.
These two buildings will also be both condominium and rental apartments, with 539 condominium suites, and 402 rentals. This will encourage a wide variety of residents, and will be perfect for the diverse needs of the people of Mississauga.
- Co-working zone with group work stations suitable for brainstorming or private phone calls
- Community urban gardening plots and garden prep studio
- Fitness centre including a half-court gymnasium and climbing wall
- Lounge that opens to an outdoor terrace, media and dining studios
- Catering kitchen
- Indoor/outdoor kids’ zone complete with a craft studio, homework space, active zones and toddler area
- Lobby and 24-hour concierge
In order for the vision of a “city within a city” in the Square One District, it will be important to provide residents with plenty of transit options.
The future Hurontario Light Rail Transit (LRT) and the MiWay Bus Rapid Transit (BRT) will both run directly through the neighbourhood, with stations in the heart of the development. This dedicated rapid transit will be a welcome change from the convoluted bus systems that locals and visitors have previously had to use to travel to and from the area.
Square One District is also bordered on one side by Highway 403, which connects in the north with 401 and the 410 and to the 407 and QEW in the south. This easy highway connection, combined with the major street, Hurontario Street, puts Square One at a nexus point for all traffic within Mississauga, and the the GTA.
This massive undertaking is being spearheaded by two main developers, Oxford Properties and The Daniels Corporation.
Oxford Properties has been in business since it’s founding in Edmonton Alberta in 1960. At first, they were primarily an investment and finance group that specialized in building medical clinics, but over the years they have become a multinational group that develops property not just in Canada, but in the United States, and across Europe.
Interestingly, the company is now owned by the Ontario Municipal Employees Retirement System, a massive pension plan for government workers in Ontario with $95 Billion in investments. Today they have offices in New York, London, Singapore, and Luxembourg. One of their proudest projects is The Hudson Yards in the Chelsea neighbourhood of New York City.
With a practical approach, Oxford Properties is committed to sustainability. Having won the Solar PV Project of the Year Award in 2017, they believe that the way to prepare for the future is to build developments to last, and to invest in environmentally-friendly materials, construction methods, and and energy, when possible.
The Daniels Corporation is comparatively young, but still has over 34 years of experience in the industry. Founded by John H. Daniels, the Daniels Coporation as built over 27,000 homes throughout the GTA. With experience in development of planned communities, rental apartments, retail and commercial spaces, they might be one of the most qualified groups to develop a project of this scope and variety.
Dedicated to elevating the communities they build, The Daniels Corporation is famous for it’s incentive programs. Through this program, renters in their various housing developments are assisted towards homeownership. Essentially this program works like this: A portion of a tenant’s monthly rent is directed to a down payment toward the purchase of a new Daniels Corporation home. This creates a simple path for renters to build equity while still renting.
These two groups have been chosen to lead the development of this ambitious project, and it’s easy to see why. With both being trusted GTA developers for many years, they are sure to bring integrity, ingenuity, and a true sense of community to the Square One District.
There are few projects in Canada’s history that compare to the scope and vision of Square One District. For a long time Square One has been a “downtown in waiting” – functionally important, but lacking in the infrastructure and population to make it a hub for the sprawling city of Mississauga.
All that is about to change. By 2041, it’s expected that Mississauga will be home to 920,000 people, and will employ 565,000 new jobs. The Square One District will be at the centre of this growth with immense opportunities for office space and retail space. New businesses will be flocking to this new community for it’s convenience, and it’s new downtown energy.
As Mississauga continues to grow, housing in the city is keeping pace. The average selling price of pre-construction condominiums in the city is $379K – a good number for families looking to set down roots, and for homeowners looking to invest. Prices per square foot continue to rise as demand increases, with the average sitting currently at $632.
Over the last twenty years, Square One has gone through immense growth, but the best is yet to come, and wise investors are beginning to take notice of this once-in-a-lifetime project.
- DEVELOPER: The Daniels Corporation
- ARCHITECT: Hariri Pontarini Architects
- UNITS: 539
- UNIT SIZES: 425 to 872 sq.ft
- PARKING: $45,000 available for suites over 524 sq.ft (Maintenance $55/month)
- LOCKER: $5,000 (Maintenance $25/month)
- MAINTENANCE: $0.59/sq.ft (Hydro metered separately)
- DEPOSIT: $7,000 on signing ; Balance to 5% in 30 days ; 1% in 90, 120, 150, 180, 210, 365 days ; 5% on Occupancy
- ESTIMATED COMPLETION: Summer 2024
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