The ‘Ontario Innovation Corridor’ is becoming more and more an actual thing (in addition to trade campaign documents) as developers expand GTA with high-tech companies and jobs in mind.
Mississauga’s upcoming Lakeview Village is an excellent example of this phenomenon in action, and one of the largest “smart, future-proof” mixed-use applications of its kind being built in the Toronto area (now that Sidewalk Labs has canceled Toronto Quayside, which is .)
Ambitious in both scope and ethos, the 177-acre waterfront community is ultimately intended to serve as “a model for sustainable mixed-use development across Canada,” similar to the aforementioned “futuristic mini-city” of Toronto’s waterfront.
When the Lakeview Village project was first announced, the developers promised about 8,000 new homes with room for about 20,000 residents as well as 200,000 square feet of retail space and a variety of cool parks and premises.
For well over a year, we have known that a staggering 1.8 million square feet of office space was being worked into the larger village, which will eventually replace a disused coal mine at 1300 Lakeshore Rd. E.
However, it was not until this week that the project team announced its formal plans for what they call “a state-of-the-art innovation district aimed at becoming the largest hub for technology, innovation and research in Canada.”
Now it is expected to accommodate over 1.9 million square feet of “employment space,” and the Innovation District will be integrated into the broader Lakeview Village community, which itself falls right in the heart of the aforementioned Toronto-Waterloo Region tech corridor.
“As a key hub for research, the Innovation District will stimulate a thriving business community that attracts and retains a diverse pool of talent and creates an environment for people to develop groundbreaking solutions that drive global change,” developers wrote in a district news release Wednesday.
“It will be a uniquely attractive hub for inventors and academics to conduct research while enabling potential partnerships with post-secondary and environmental institutions.”
Expect plenty of open concept collaboration spaces, flexible offices and collaboration events to connect tenants with potential partners. More than 20 acres of the site will be dedicated to “campus, culture and innovation,” according to the release.
“With its striking and timeless architectural design, open work environment, proximity to integrated transit routes, a thriving retail community and the waterfront, Lakeview’s Innovation District will serve as a magnet for high-tech companies, technology incubators and entrepreneurs,” explain developers.
And with all the big tech companies, there will be many high-paying, long-term jobs: At least 9,000 of them, if the current estimates prove to be correct.
“We believe an investment in infrastructure is an investment in talent, industry and business,” said Argo Development Corporation, VP Brian Sutherland, development manager for Lakeview Village.
“With flexible office space, collaboration spaces and state-of-the-art facilities, the Innovation District is not only an integral part of our vision for the future of society, but a critically important element supporting the growing city of Mississauga, the wider region and Canada in it. the whole roof. “
An estimated completion date for the project has yet to be lobbed, but judging by how large and complex this new mini-city is expected to be, it will be some time before all software engineers and computer scientists move in.
The businesses behind Lakeview Village are currently still running build a discovery center (read: apartment sales presentation office) on site.