From last weekend:
IMG_5432.jpeg
IMG_5438.jpeg
IMG_5437.jpeg
IMG_5436.jpeg
IMG_5435.jpeg


IMG_5440.jpeg
 
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"
1715172158065.jpeg

1715172206546.jpeg

1715172087233.png
 
It looks like the area that I thought was going to be a new block here
1730296022310.png

has been filled in.
1730295973722.jpeg

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).
brightwater-development-mississauga-1-1024x430.jpg

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.
 
On the Dream Impact (MPCT-UN.TO) Q3 Earnings Call, Mr. Cooper said its likely Brightwater will start more Townhouses next. Townhouses and SFH are still selling well and not oversupplied. Demand is still strong in the area though, especially with this being a waterfront community with its own public school.
 
You must log in or register to post here.

Back
Top