1 Port Street East is situated in the community of Port Credit (in the city of Mississauga) on the shores of Lake Ontario at the mouth of the Credit River. Canada Lands Company acquired the site from the Department of Fisheries and Oceans (DFO) in early 2011.
The site includes an approximately 49-acre (20.2-hectare) water lot and 18.3 acres (7.4 hectares) of tableland. The site also includes a wharf shed, an operating marina with ancillary businesses and slippage for approximately 500 boats. The site is currently under lease to Centre City Capital Ltd.
A master plan was approved for 1 Port by the City of Mississauga in 2016 following consultation with the community and the Town of Port Credit Community Association (TOPCA) through the Inspiration Port Credit process. The master plan provides a vision for the site and outlines numerous priorities for the future development, including mixed use, a new public marina, parks, a waterfront trail and public access to the waterfront, and other place-making opportunities. An Official Plan Amendment was approved in 2017, which provides a policy and development framework based on the approved master plan.
In January 2018, the City of Mississauga and Canada Lands Company announced a landmark agreement regarding shared objectives, including the long-term protection of the marina for public use, a key community and marina stakeholder objective identified during the community consultation process. This marina agreement includes the City acquiring ownership of the land at the base of the marina and the entire water lot over time. It allows for public access to the water (something the community does not currently have) and wonderful place-making opportunities including a new marina, parks, and open spaces.
In the summer of 2019, the City of Mississauga moved forward with the next step in delivering on the community’s vision for a public marina, by kicking off its environmental assessment work for the proposed marina project. The environmental assessment is the next step to study additional waterfront parkland and examine marina options, design and phasing for the site.
Canada Lands Company encourages community and stakeholders to participate in the City of Mississauga’s environmental assessment process by attending consultation events. Information is available on the City’s project website, www.mississauga.ca/1portstreeteast.