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MaRS Discovery District Phase II (661 University Ave / 101 College St) | Complete | 23 st | 113 m | Discovery District

27836 Views 202 Replies 58 Participants Last post by  Elkhanan1
According to todays Globe (page A11) "next week directors of the non-profit MaRS discovery district are scheduled to announce a private-sector investment of more than $300 million to complete the second phase..."

"The new building will more than double the laboratory and office space available in the complex, making it bigger than any single office tower in the financial district...." It will grow to 1.6 million square feet by 2010. And the best part, "the potential market for research-oriented office in that district, five minutes from the hospitals in one direction, five minutes from the university in the other, is as much as 10 million square feet according to city economic-development officer Kyle Benham.
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^^ He claimed in the Ontario section that he attended a public meeting in which Mayor McCallion stated MaRS would move to Mississauga. If this was true there would be major media coverage.
Sure, I agree that it makes no sense but why would the Mayor lie to him ... unless she's confused i.e. Possibly phase 3?

It really makes no sense at all otherwise.
I think Future Mayor said that because he's bored because UT is still down, lol. It makes no sense for them to move Mars to Miss.
From what I recall on UT he's not one to lie and usually has accurate information.

All I can say is if it's true as reported this will be a very sad day for Toronto ... it makes no sense at all. The reasons for it;

It can NOT be the cost of construction ... they would have not considered the Toronto location at all if that was the case.

It may be the fact that rental rates are less there and they feel that may attract more clientele. But I mean the tenants are supposedly in medial research area ...

Moreover the city should have attempted to fight this ...
Whatever the case is I hope all the details come out. This makes no sense whatsoever.
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The whole point of MaRS was to have all these companies together in one place. Putting part of the project in Mississauga makes no sense.
Maybe he means M.A.R.S is getting a new building. Mississauga Animal rescue services. :nuts:
The reason it was canceled was because they couldn't get tenants. How would Mississauga fix that?

It's not going to Mississauga.
This makes absolutely no sense, from a financial, research, scientific basically any point of view...

Louroz man, I know you're high up on all this, but this really makes no sense.
As happy as I would be to hear that this project is moving to Mississauga... I have to side with everyone else. WTF?!?
It would be offensive to the research community to move this to Mississauga.
I wouldn't go so far as to say it's offensive. That's ridiculous. But I also think the prospect of moving MaRS from TO to Missy would be ridiculous.
The whole reason MaRS is where it is, is to benefit from the synergies created in the area by the astounding amount of research done in the hospitals and the university next door.

Putting this magnet of research and innovation in Mississauga is akin to building an ice rink the middle of the Sahara.. It simply does not make sense!
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The whole reason MaRS is where it is, is to benefit from the synergies created in the area by the astounding amount of research done in the hospitals and the university next door.

Putting this magnet of research and innovation in Mississauga is akin to building an ice rink the middle of the Sahara.. It simply does not make sense!
It does make sense for the city of Mississauga to want a development like MaRS, and would make sense for MaRS if they were given a good deal. Its not like Mississauga is a 5 hour plane ride away from Toronto. In todays world, most communication is done by phone, email and fax. MaRS can be successful anywhere it sets up.

What doesn't make sense is why move it now? Unless the decision to halt construction was made soley by Alexandria, and MaRS wants to move in asap, I see no reason why they would abandon the current site. Even if that is the reason, im sure the prospect of losing MaRS as a tenant would force Alexandria to resume construction.
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It's not the same, sure communication enables us to have customer service reps in India, but this is not the same.

I'm afraid I can't even give Louroz the benefit of the doubt here, it just makes no sense, nearly from every perspective.
It's not the same, sure communication enables us to have customer service reps in India, but this is not the same.

I'm afraid I can't even give Louroz the benefit of the doubt here, it just makes no sense, nearly from every perspective.
You missed my point. Mississauga isn't far enough that it would become a problem for MaRS. You're right, its not the same... Mississauga isn't India.
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Mississauga might as well be India for what this project means. The reason it's THERE is to be able to be from walking distance from the largest cluster of research in Canada, hence the Medical and Related Sciences (MaRS) project.

The project is either there, or dead. Mississauga might be getting another sort of research complex, that is no way affiliated with MaRS. I think old Hazel is seeing things again, let's just hope she doesn't end up in a light pole again.
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Mississauga might as well be India for what this project means. The reason it's THERE is to be able to be from walking distance from the largest cluster of research in Canada, hence the Medical and Related Sciences (MaRS) project.
But the need for it to be walking distance does not exist in this day and age. Its a minor detail.
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MaRS 2 will be built in Mississauga!

I can assure all of you that this project is very much a reality and all the details will be released very soon.

I was making a deputation to Mississauga City Council regarding the 2015 Pan American Games Bid last Wednesday, November 26, 2008. The meeting was broadcast live on Rogers Cable 10.

Council Agenda:
http://www.mississauga.ca/file/COM/2008CouncilAgenda_november26_.pdf

The Economic Development Office made a presentation prior to mine. (see press release below "Mississauga: A Leading Life Sciences Cluster").

While commenting on the presentation, Mayor McCallion mentioned specifically how the MaRS project in Toronto was cancelled and that the project would now proceed with construction in Mississauga, which would further grow the Life Sciences sector in this city.

The Mayor revealed that a large Mississauga-based pharmaceutical company was suppose to lease several floors of the stalled MaRS Toronto project, and as a result will now anchor the MaRS Mississauga project.

She indicated that this hasn't been announced to the public yet, however a press conference was forthcoming very soon where all the details on including partners and exact location.

Louroz

Mississauga's Life Sciences Sector Flourishes under the Microscope in New Study http://www.mississauga.ca/file/COM/EDO_Final_Life_Sciences_Study_Bookmarked.pdf

http://www.mississauga.ca/file/COM/EDO_30_2008.wmv

Dec 02, 2008

The City's Economic Development Office (EDO) has launched a new study focusing on Mississauga's expanding life sciences sector. Mississauga: A Leading Life Sciences Cluster Study and Directory, and the Life Sciences Focus brochure update findings of previous studies and provide a more detailed directory of the many companies that actively support the growth of this sector in Mississauga.

A key finding of the study is a continual increase in the level of employment of this sector, adding more than 5,000 knowledge workers from 2003 to 2007. According to the study, Mississauga is home to the third largest life sciences cluster in Canada, with more than 375 companies employing approximately 24,800 people.

"Exceptional talent, innovative companies and the convergence of many related industries in Mississauga are propelling this leading economic cluster forward," said Larry Petovello, director of the Economic Development Office. "Mississauga is well-positioned to provide employment opportunities for its citizens as we build a city for the 21st century."

The study specifies that the life sciences industry requires talent that focuses on two main areas of expertise: the industry must have highly-skilled scientific and technical personnel, and it also requires experienced management to lead production and drive the marketing of products and services.

"It's apparent that life sciences firms are attracting highly-skilled candidates in Mississauga," adds Petovello. "The City is surrounded by some of Ontario's finest post-secondary institutions offering a wide variety of educational opportunities. Within an hour commute of Mississauga, there are nine major universities and six technical colleges with programs pertinent to life science-related occupations."

For more information regarding this comprehensive study, contact EDO at 905-896-5016, or download Mississauga: A Leading Life Sciences Cluster Study and Directory at www.mississauga.ca/business.

Mississauga is Canada's sixth largest city with a population of more than 700,000. With well-established infrastructure and state-of-the-art facilities, the City is considered to be an employer of choice, delivering quality municipal programs and services to its citizens. Mississauga is a dynamic, diverse and progressive municipality, known for its economic strength and for being Canada's safest city.

-30-

Louroz
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In that context, as a viable alternative, it makes perfect sense. Let's hope they build the new facility in the MCC.

Hey Tuscani01, I think our Toronto/Ottawa friends are in shock :poke:

Filip

Were you aware of this fact before you sounded off?

"A key finding of the study is a continual increase in the level of employment of this sector, adding more than 5,000 knowledge workers from 2003 to 2007. According to the study, Mississauga is home to the third largest life sciences cluster in Canada, with more than 375 companies employing approximately 24,800 people."
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Toronto as a city really needs to start doing a lot more to prevent things like this from happening.

Whether it be lower taxes in particular market areas or provide funding for smaller pharmaceutical companies.

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Let's just hope they build it in MCC as if you've seen any of the recent office development in Mississauga ... it's terrible. Strips near the airport seem to be home to the majority of them (aka RIM just to mention one) - with absoltly no connection whatsoever between them ... I'm not sure what the name of that road is but does anyone walk outside there? I was working in the area for 2 years and I hated it! It's a lot worse then Hi-way 7 around Lesile.
BUT if those goes in MCC at least there's a chance it'll help the community a lot more. I wonder if it'll still be the same size. Or if they're reduce it and change the plan all together.

Sad day.
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