fbpx
News

Rogers family reveals massive $1.5B condo development in Mississauga

On Tuesday morning, the Rogers family, alongside their privately held development firm, Rogers Real Estate Development Limited, and the City of Mississauga announced a $1.5 billion development.

Situated on the corner of southwest corner of Burnhamthorpe Road and Confederation Parkway, the development, dubbed M City, will transform 15 acres of downtown Mississauga into a 10 tower condo complex. New York-based architecture firm Cooper Robertson contributed to the design of the site.

m-city-1

Ted Rogers bought the plot of land, then part of a farm, the development sits on back in the 1960s for approximately $170,000. At the time, Rogers planned to build a radio transmitter tower on the site. 6,000 units are expected to be ready by the end of project’s first phase. Units will range in price between $200,000 and $750,000.

Current family head Edward Rogers told the Toronto Star he hopes M City will lead to other real estate projects down the line.

m-city-3

Rumblings the Rogers family was planning to undertake a massive real estate development began when Rogers registered M City as a trademark back at the end of July.

Related: Rogers registers M City trademark could be possible real estate development project

[source]Toronto Star, Rogers[/source][via]BlogTO[/via]

MobileSyrup may earn a commission from purchases made via our links, which helps fund the journalism we provide free on our website. These links do not influence our editorial content. Support us here.

Related Articles

Comments