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Downtown21 an Amazing Project but
Downtown21 will change the face of Mississauga' downtown core, a well planned urban pedestrian friendly environment, with small streets, wide sidewalks, promoting a vibrant and walkable space, but, are we willing/prepared to get rid of our vehicles?
If we are planning to double the population in the City Centre area it is time to incorporate more solutions today for the coming transit/traffic/
New buildings are coming but the typical ratio parking-per-
Downtown developers can make a good profit by adding an extra level of underground parking. Currently, the price of an extra parking space at new projects in the City Centre area is in the range of $20,000 to $25,000 for a typical 16’x9’ parking space (144 square feet), so that is $140 to $170 per square foot of a plain underground parking space, which is half price of one square foot of a brand new fully finished apartment. Not bad business at all.
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City Centre Real Estate Ltd., is a Real Estate Brokerage located at downtown Mississauga, concentrated in residential Real Estate condominium market located at City Centre Municipal District.