Mississauga Brightwater Towns | ?m | 3s | PCWVP | superkül

From last weekend:
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This is owned 23.3% by Dream Impact (MPCT-UN.TO). Do we have any update on completion / handing keys over? Q2 or Q3?
 
RCEO said:
This is owned 23.3% by Dream Impact (MPCT-UN.TO). Do we have any update on completion / handing keys over? Q2 or Q3?
Click to expand...
What do you mean by this is owned 23.3% by Dream Impact (MPCT-UN.TO)? Like they bought 23% of the towns to rent out or what ?

Considering the last update photos, I wouldn't expect occupancy period to commence until at least late Q3 2024 if not Q4 2024... No way they get the towns done by end of Q2 which would be June 30.
 
toronto647 said:
What do you mean by this is owned 23.3% by Dream Impact (MPCT-UN.TO)? Like they bought 23% of the towns to rent out or what ?

Considering the last update photos, I wouldn't expect occupancy period to commence until at least late Q3 2024 if not Q4 2024... No way they get the towns done by end of Q2 which would be June 30.
Click to expand...
Dream Impact MPCT-UN.TO owns 23% of the Brightwater Development Joint Venture. So they are the developer (or at very least an equity partner in the development).

You can see a list of what they own and what percentage on their Q3 report
 
This might be the start of construction of the next phase of towns as illustrated in Block "L"
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It looks like the area that I thought was going to be a new block here
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has been filled in.
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Change of plans I suppose
 
Just a guess...

Brightwater received recent density approval from Townhomes to Tall Towers in this area adding almost 900 apartments. They may have had plans to start the next round of townhouses, but will be starting a new tower instead there (hopefully in 2025).
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www.insauga.com

Lakefront development gets nod for 898 additional units in Mississauga | INsauga

A massive waterfront development got committee approval to get even bigger in Mississauga.
www.insauga.com www.insauga.com
 
I thought that too at first but the actual area in question is just north of the new towers and is still showing low rise in the updated render on the right.
 
I'm sure the entire launch of the next phase of townhomes will be on hold as they change plans to build a new rental tower instead.
 
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