Morguard Corporation has officially launched the construction of its new purpose-built rental community in Mississauga’s vibrant Port Credit area, marking a significant milestone for the neighborhood. This innovative project will offer residents a modern lifestyle with amenities designed to connect them to the simple beauty of nature.
The development, located at 725 Village Green Boulevard, will consist of one 9-storey and two 8-storey midrise residential buildings situated on a 3.7-acre property. It will house a total of 431 suites, ranging from studios to 3-bedroom units, along with townhomes and stunning penthouse suites.
On October 3, 2024, a groundbreaking ceremony was held to celebrate this exciting new venture. Among the attendees were the Mayor of Mississauga, Carolyn Parrish, and Ward 1 Councillor, Stephen Dasko, underscoring the city’s support for this premium rental community.
Morguard’s executive team expressed their enthusiasm for collaborating with the City of Mississauga on this project, emphasizing the company’s commitment to developing purpose-built communities in the Greater Toronto Area.
“The development at 725 Village Green Boulevard demonstrates Morguard’s strategic growth capabilities and represents our commitment to developing purpose-built communities in the GTA,” stated K. Rai Sahi, Chairman and Chief Executive Officer.
Angela Sahi, President and Chief Operating Officer, added, “As we look to the future, I’m truly excited. We are laying the foundation for a brighter, more sustainable future for Mississauga. Our vision is to create a modern living experience that blends the comforts of home with the convenience of a professionally managed property—an urban oasis where thoughtful design seamlessly integrates nature, bringing the outdoors in.”
This new community, designed by architecture firm BDP Quadrangle, will offer spacious suites, a collection of townhomes, premium amenities, and elegant interiors designed by Cecconi Simone. It’s ideal for a wide range of residents, from young professionals to mature couples downsizing and families with children.
The development emphasizes a focus on comfort, wellness, and connection, evident in its thoughtful amenities:
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A greenhouse:
Residents can grow their own ingredients, embracing a micro-farm to table lifestyle.*
Landscaped rooftop terraces:
Stunning views and outdoor space for leisure and entertaining.*
Chef’s kitchen and gathering spaces:
Culinary exploration and entertainment are central to the lifestyle.*
Wine-down lounge and screening room:
Spaces for relaxation, unwinding, and connecting with neighbors.*
Co-working space:
A flexible and collaborative environment for professionals who thrive in a work-from-home setting.*
Pet spa:
Convenient pet care in each tower.*
Expansive fitness and yoga center:
Promoting health and well-being.Additional features include a dog run, a children’s play area, a dining area with BBQs and fire pits, and indoor/outdoor cabanas with lounge seating.
“This project will enable residents to experience rental living at a higher level,” said Senior Vice President of Development, Brian Athey. “We are delighted to commence construction on this premier residential project in the City of Mississauga.”
Sustainability is a key priority in this project. Morguard is committed to achieving LEED Gold certification, a standard that represents excellence in green building design. The community incorporates a variety of eco-friendly features:
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Heat Recovery Ventilation (HRV) units:
Capture and reuse heat from exhaust air to improve energy efficiency.*
Rainwater cistern:
Captures rainwater for irrigation, reducing water consumption.*
LED lighting and motion-controlled sensors:
Conserve energy throughout the building.*
Indoor parking:
Offers 480 bike parking spots, with 50% of parking spaces being Electric Vehicle (EV) ready.This commitment to sustainability ensures a minimal environmental footprint.
Ideally located just moments from highly ranked schools and the Lakefront Promenade, this community offers an exceptional living experience. Residents have easy access to the QEW and a wide selection of retail destinations just to the south, allowing them to enjoy urban convenience while being close to downtown Toronto.
725 Village Green Boulevard represents a perfect blend of modern living and thoughtful design, creating an inspiring and connected retreat for its residents.
Morguard Corporation is a major North American real estate and property management company with an extensive portfolio of retail, office, industrial, hotel, and residential holdings owned directly and through its investments in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. As of June 30, 2024, Morguard’s owned and managed portfolio of assets is valued at $17.6 billion.
