The City of Mississauga and Lakeview Community Partners Ltd. (LCPL) announced they are moving forward with several agreements that will enable them to begin construction on the first 8,050 housing units at the 177-acre Lakeview Village development.
City Council has approved a by-law, supported by the Ministry of Municipal Affairs and Housing, ensuring that LCPL meets the City’s parkland requirements; completes future transportation studies and commits to necessary traffic improvements; completes odour and noise mitigation measures; sets aside land for a Peel District School Board school site; and provides a mix of housing units of which a minimum of five per cent are affordable units. Council also approved a by-law to execute a community benefits agreement in which LCPL must provide the City with a $14 million contribution toward Lakeview Pier and other cultural amenities.
“This is a significant milestone,” said Acting Mayor Matt Mahoney. “The City has been working closely with the Office of the Provincial Land and Development Facilitator and LCPL for almost a year to ensure the increased density assigned for Lakeview Village will be built in an appropriate way. We remain committed to attracting a new generation to live and work in Mississauga by doing what we can to support the transformation of this area into a liveable, walkable, waterfront community connected by parks, open spaces, cultural facilities and an innovative employment hub.”
Through a provincial facilitator, the City and LCPL have been working to finalize a number of agreements in order to proceed with the massive waterfront development located on the former site of the Lakeview Power Generating Station. The site was originally zoned for 8,050 units, but an enhanced Ministerial Zoning Order (MZO) issued in May 2023, doubled that number to 16,000.
“We are pleased to be moving forward with the development of Lakeview Village so that we can get homes built and welcome new residents to one of Mississauga’s most important waterfront sites,” said Shari Lichterman, City Manager and CAO. “We’re pleased that LCPL has committed to ensuring the area has the schools, transportation infrastructure, affordable housing, parks and cultural facilities the community needs to thrive, and will be making significant investment into the community to support increased density on the site.”
The City says it will continue to work with LCPL and the provincial facilitator to finalize the remaining agreements for the Lakeview Village development by October 1, 2024.
