Developer plans 359-unit condo project near Port Credit transit hub, price of land undisclosed

Thestar.com
July 23, 2021
Tess Kalinowski

The next stop on the region’s speeding condo train will be Port Credit in Mississauga, where the Hurontario light rail line will have its southern terminus and its only underground station.

Edenshaw Developments and Windsor Private Capital announced on Tuesday that they have purchased a 1.48-acre parcel of land adjacent to the Port Credit station from Metrolinx.

They plan to build a multi-storey, mixed-residential-commercial development steps from the emerging Port Credit mobility hub where the new LRT, GO trains and Mississauga buses will intersect.

Because the transaction won’t be final until December, Metrolinx would not disclose what the developer paid for the plot that will see condos and offices on what is now a parking lot east of Ann Street, north of Park Street.

It will be Edenshaw’s fifth Mississauga project and its fourth in the Port Credit area, according to a release by the company. Its website says it has already sold out a 22-storey, 359-unit project just south of the GO station on Ann Street, which is under construction. It is also building a 15-storey condo tower and townhomes on Park Street. It has another development north of the QEW on Hurontario Street.

The latest development will include a pedestrian-friendly, civic square component above the underground LRT platform along Hurontario Street.

“Metrolinx still retains about 15 metres deep of the frontage along Hurontario. That will be the station location for the LRT,” said Hugh Lynch, manager of development at the City of Mississauga.

The Port Credit station is the southernmost stop on the 19-station LRT that will run 18 kilometres to Brampton Gateway. The $4.6-billion transit line is expected to be complete in late 2024. It is being furnished with 28 light rail vehicles that will run every 7.5 minutes in the peak hours -- every 10 minutes outside of the rush.

The Port Credit station is already undergoing an accessibility upgrade that is expected to be complete in the fall, said Metrolinx spokesperson Anne Marie Aikins.

It has two parking structures with 2,250 spaces and a 96-rack secure bike room is in the works.

More than 60 per cent of Port Credit GO riders live within three kilometres of the station, she said.

Original plans for the LRT were scaled back in 2019 when Metrolinx cut about two kilometres from the route by eliminating a loop around Mississauga City Centre and cutting three stops.