Royal LePage Real Estate Services Loretta Phinney, Brokerage

Mississauga Skyline to Grow around Malls

By: Loretta Phinney Team

Mississauga Skyline to Grow around Malls

Tags: Mississauga, Housing Supply, Development, Real Estate

Some communities in the GTA are opposed to intensification. But for Mississauga, the only way to grow is up. And a plan will grow Mississauga’s skyline around malls.
 
A new project called “Reimagining the Mall” has created plans to guide the long term growth of five areas with well-known indoor shopping malls.
 
The five malls include:

 
The areas around these malls have already been planned for intensification under the city plan. But the “Reimagining the Mall” project will aim to ensure that future growth is done in a way that enhances the areas.
 
Although there are no immediate plans to redevelop the areas, the overall project is exciting for a many reasons. The functionality and quality of the five areas could be improved, especially as brick-and-mortar retailers are struggling to compete with online retailers. More people in these areas will create larger customer bases and could support new local retailers as well.
 
Improving areas around malls can also promote active lifestyles of the people living around them as amenities will be close by. Furthermore, with more residents, these areas may become public transit nodes that will increase the connectivity of the city of Mississauga.
 
Lastly, densification will also create the need for more high-quality community spaces and places such as urban parks, town squares, and urban plazas that contribute to a high quality of life.
 
Reimagining the Mall promises to be an exciting project that will increase housing supply in Mississauga. We are excited to see the future opportunities this project can bring to the real estate industry.