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Groundbreaking ceremony celebrated a milestone for Mississauga's Port Credit neighbourhood
MISSISSAUGA, ON, Oct. 10, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) officially launched the construction of its new purpose-built rental community offering amenities that allow residents to connect with the simple beauty of nature and enjoy a modern lifestyle in the vibrant Port Credit area. The development will be comprised of one 9-storey and two 8-storey midrise residential buildings on a 3.7-acre property. The total development will contain 431 suites, from studios to 3-bedroom units, townhomes and stunning penthouse suites
On October 3, 2024, a groundbreaking ceremony took place at 725 Village Green Boulevard in Mississauga. Among the assembled dignitaries at the event were the Mayor of Mississauga, Carolyn Parrish, and Ward 1 Councillor, Stephen Dasko.
The executive team at Morguard is pleased to have worked with City of Mississauga officials on this innovative project that will deliver a premium purpose-built rental community to Mississauga residents.
"The development at 725 Village Green Boulevard demonstrates Morguard's strategic growth capabilities and represents our commitment to developing purpose-built communities in the GTA," said K. Rai Sahi, Chairman and Chief Executive Officer.
"As we look to the future, I'm truly excited. We are laying the foundation for a brighter, more sustainable future for Mississauga," said Morguard's President and Chief Operating Officer, Angela Sahi. "Our vision is to create a modern living experience that blends the comforts of home with the convenience of a professionally managed property—an urban oasis where thoughtful design seamlessly integrates nature, bringing the outdoors in."
Morguard's newest purpose-built rental community, designed by architecture firm BDP Quadrangle, will offer expansive suites, a collection of spacious townhomes, a selection of premium amenities, and elegant interiors designed by Cecconi Simone. This new, turn-key residence will be ideal for young professionals, mature couples downsizing and families with children.
From the textures and colours of nature that inspired the design to the abundant amenities that enhance everyday living, this development project is tailored for comfort, wellness, and connection:
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A greenhouse where residents can grow their own ingredients, for micro-farm to table living.
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Landscaped rooftop terraces on each tower offer stunning views while providing outdoor space for leisure and entertaining.
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A chef's kitchen and connected spaces designed for gatherings, making culinary exploration and entertainment central to the lifestyle.
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A wine-down lounge and screening room, creating spaces where residents can relax, unwind, and connect.
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A co-working space, providing a flexible and collaborative environment for professionals who thrive in a work-from-home setting.
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A pet spa in each tower where residents' can conveniently care for their pets.
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An expansive fitness and yoga centre.
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Additional features include a dog run, a children's play area, a dining area with BBQs and fire pits, and indoor/outdoor cabanas with lounge.