Ontario Construction News staff writer
Vertical construction is now underway on the first residential buildings within Lakeview Village, a massive waterfront redevelopment project that is set to reshape Mississauga’s southeastern shoreline over the next two decades.
Lakeview Community Partners Limited (LCPL), the consortium behind the 177-acre brownfield transformation, confirmed in a project update this week that the initial homes are under construction. The broader plan for Lakeview Village includes approximately 16,000 residential units—double the original proposal of 8,050—alongside commercial, retail, institutional, and recreational spaces.
Lakeview Community Partners Limited (LCPL) owns the former Lakeview Generating Station site and is leading the master development. The consortium includes:
- TACC Construction Limited
- Greenpark Group
- CCI Development Group
- Branthaven Homes
- Argo Development Corporation
Located on the former site of the Lakeview Generating Station, the long-term buildout also includes a planned innovation district, new school, multiple parks, and extensive public amenities such as a 600-metre public pier and a retail-lined boardwalk along Lake Ontario. The community is expected to support 9,000 permanent jobs once complete.
“This is a significant milestone,” said Mississauga Deputy Mayor Matt Mahoney. “The city has been working … to ensure the increased density assigned for Lakeview Village will be built in an appropriate way.”
Under a series of agreements signed with the City of Mississauga in 2023, the developer committed $14 million toward cultural infrastructure, including the pier, which has an estimated total cost of up to $100 million. Other commitments include contributions to parkland, traffic infrastructure, and community amenities. Five per cent of all housing units will be designated as affordable.
Construction of the community will proceed in phases over the next 15 to 20 years. The site also borders the 64-acre Jim Tovey Lakeview Conservation Area, currently under development and expected to become a major public attraction.
Lakeview Village has already received industry recognition for its master planning and is being positioned by its developers as a model for mixed-use waterfront redevelopment, with particular emphasis on sustainability, innovation, and cultural placemaking.
