Weekly Real Estate News
The real estate and property management company Morguard Corporation (TSX: MRC) has begun construction of as new purpose-built rental community in the Port Credit section of Mississauga, Ontario.
The new development will encompass one nine-story and two eight-story midrise residential buildings on a 3.7-acre property. The total development will contain 431 suites ranging from studios to three-bedroom units, along with townhomes and penthouse suites. Amenities include a yoga and fitness center, a greenhouse for residents, a chef’s kitchen, a “wine-down lounge” and screening room, a co-working space and a pet spa.
“This project will enable residents to experience rental living at a higher level,” said Morguard Senior Vice President of Development Brian Athey. “We are delighted to commence construction on this premier residential project in the City of Mississauga”.
Photo: [from left to right] Stephen Dasko, Ward 1 Councillor for the City of Mississauga; Brian Athey, senior vice president of development; Carolyn Parrish, mayor for the City of Mississauga; K. Rai Sahi, chairman and CEO; Angela Sahi, president and chief operating officer; Paul Miatello, chief financial officer; and Beverley Flynn, senior vice president and general counsel.
Very exciting! When can the public expect to receive information on completion, floor plans, rental range, inclusions, etc?