M3 at M City | 260m | 77s | Rogers Real Estate | IBI Group

ProjectEnd

Senior Member
Member Bio
Joined
May 28, 2007
Messages
8,757
Reaction score
9,288
Another problem is that the rents you'd get in a place like Mississauga don't justify the cost of construction. No one is going to build a new office tower in negative equity.
 

Urban-Affair

Senior Member
Member Bio
Joined
Nov 18, 2007
Messages
2,006
Reaction score
668
Location
East Side Toronto / North Side Switzerland
Way back when, a lot of firms moved out to Mississauga for lots of land, and cheap land at that. If they are in a growth industry where they are having to compete with the firms for skilled unversed graduates, then they are likely thinking of moving to an area where that demographic wants to live and work… and for the most part that's not Mississauga City Centre, not yet anyway. The group no longer wants to commute by car. Maybe — maybe — once they've finally got their LRT under construction (what is taking so long?) you might get some companies thinking more positively about MCC.

42
So true..we appraisers study these concepts in land economics courses. The principal of clustering applies with downtown TO being cluster central. Being able to poach talent from similar businesses nearby, and having that talent pool all in one place is highly desirable. Being close to your competition and subsidiary support companies is also important. So many reasons why this isn't happening in Mississauga yet.
 

maestro

Senior Member
Member Bio
Joined
Apr 23, 2007
Messages
6,981
Reaction score
1,773
I think the future, at least in the coming years, any new MCC office space will be in condo podiums similar to the 7s office building in Parkside Village. I believe there is an office component in the Daniels Wesley tower as well.
View attachment 158513 View attachment 158514
This one also has a high vacancy with several suites unoccupied including the entire 6th floor. It's not a success which would encourage developers to build more office space without incentives from the city. Future office developments will probably be sold as condos. These are great though in create a complete community but, they are tiny compared to an office tower.
 

taal

Senior Member
Member Bio
Joined
May 19, 2007
Messages
6,602
Reaction score
93
Location
NYCC
I don't think the future is that bright for office space in MCC, at least for a while ... it'll be hard pressed to compete against VCC to be honest -

What does well in Mississauga are the larger campus like office building (be it back office / call center, or even corporate HQ for certain companies) but all of these generally want relatively cheap rents - so that's what you see. The area around the airport has been pretty active with office development but so is Milton / Meadowvale (typically back office here).

Firms seem to fall into 4 categories nowadays:

1) want to be downtown (not NYCC, not Y&E) but downtown ... (generally south of bloor, the core, but also west/end ends)
2) want urban like dev at a lower cost (Markham City center, VCC, to a lesser extent NYCC / Y&E as the cost are often not low enough and firms move to category 1) instead)
3) everything else, generally looking for cheaper rents in attractive areas (by attractive I mean to their employees, so a company is likely to prefer suburban Markham from suburban Scarborough nowadays, but the value in some of the suburban 416 is great {cheap rents} it attracts a few).
4) status quo, located where they are for whatever historic reason and no plans to move.

I don't think MCC really falls into any of those nowadays hence I don't think there will be growth in that category for a while. Things can change though !
 

.dwg

Active Member
Member Bio
Joined
Dec 28, 2017
Messages
386
Reaction score
549
Anybody who considers this groundbreaking, good architecture, or in some way advanced/different from any other condo in the city, is someone who is not plugged into what is happening in the world of architecture. This building is standard in almost every single way and it's disappointing (but not very surprising) to see another large scale development turn to banal point-tower architecture.

- point tower with double-loaded corridors and single-aspect, single-storey units
- all glazed (and mostly window wall)
- generic podium that fills the entire block to maximize GFA
- balcony slabs that extend out from the floorplate without insulation or thermal break
- limited or no sustainability features to set it apart, very limited lifespan for most components

Everything from the entire concept of the building, the overall massing, the arrangement of the complex, the layouts of the units... everything is standard here and don't let the developer tell you differently. I'm picking on this project right now but this goes for 99% of Toronto highrise projects, and probably 90% of everything being built in the city. We're doing year-2000 architecture and it's 2018.
 

Automation Gallery

Superstar
Member Bio
Joined
May 5, 2007
Messages
11,962
Reaction score
2,377
Location
South Parkdale
Anybody who considers this groundbreaking, good architecture, or in some way advanced/different from any other condo in the city, is someone who is not plugged into what is happening in the world of architecture. This building is standard in almost every single way and it's disappointing (but not very surprising) to see another large scale development turn to banal point-tower architecture.

- point tower with double-loaded corridors and single-aspect, single-storey units
- all glazed (and mostly window wall)
- generic podium that fills the entire block to maximize GFA
- balcony slabs that extend out from the floorplate without insulation or thermal break
- limited or no sustainability features to set it apart, very limited lifespan for most components

Everything from the entire concept of the building, the overall massing, the arrangement of the complex, the layouts of the units... everything is standard here and don't let the developer tell you differently. I'm picking on this project right now but this goes for 99% of Toronto highrise projects, and probably 90% of everything being built in the city. We're doing year-2000 architecture and it's 2018.
Gee i'm sorry:eek:, after reading this i realize you must be too plugged into what's happening in the world of architecture
 

drum118

Superstar
Member Bio
Joined
Apr 24, 2007
Messages
14,220
Reaction score
6,608
Location
Mississauga, where cars rule city growth
As someone who has stood before council numerous of time telling them they are dreaming about the millions of sq feet of office space in the city core, there is no great demand now or in the next 2-3 decades for office space. If one looks at the lands east of Dixie along Eglinton, lots of land waiting to be develop with surface parking.

It amaze me why Amicon hasn't come up with better design buildings for Parkside Village and taking them donkey ages to get them built. They had the same issues with the 3 towers on Hurontario.

M City on the other hand has already sold 2 60s towers and going for more taller ones in just over a year since coming to the market.

M City also show that Toronto still can't get it right for design and that 13 years after Absolute Towers show case Mississauga. If 10 of the the top 25 designs for the world wide competition for Absolute towers got built, it would be a feather in Toronto skyline going higher than what was proposed back in 2005.

At least under the current mayor, the sky is the limit how tall buildings can be and not taken behind close door to be told 40's is the highest they can be in the past. This includes a number of long in the tooth councilors who don't like tall buildings.
 
Top