TSX:MPCT.DB - Post by User
Post by
InvestSmarteron Jul 28, 2024 8:41pm
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Post# 36151986
Adding almost 900 more units to Brightwater
Adding almost 900 more units to BrightwaterAdding 900 more rental units on the land we already own would
- Add material value to the land density value
- Allow for faster building starts, as apartments are economically viable today
- Incralease future NOI projectsions
This SHOULD pass. Governments are pushing for density and housing. Not passing this would be the exact opposite of the political statements.
Discussion is tomorrow.
The developer group behind Brightwater, a 2,995-unit residential and commercial project in Mississauga’s historic Port Credit neighbourhood, has proposed adding 898 dwelling units to the previously approved development
https://www.mississauga.com/news/council/real-punch-to-the-gut-major-mississauga-development-could-see-big-increase-in-scale/article_1783d733-5db9-5db3-ae65-f62597abc089.html