Ontario Construction News staff writer
Camrost Felcorp Inc., the developer of the award-winning Exchange District mixed-use new community in downtown Mississauga says the drilling of 186 geothermal boreholes is completed.
The system will provide an alternative energy source to two of the four towers in the development and shoring and excavation will begin at the site this month.
Exchange District is a new urban master-planned community destination planned in downtown Mississauga. It includes three condominium towers, a rental residence and hotel, and has been recognized as critical urban element in the creation of the new Mississauga City Center.
A multi-use community, Exchange District will boast more than two-million square feet of retail, shopping, dining, office and commercial spaces, a boutique hotel, new public parks and open spaces.
In partnership with Diverso Energy, a Geothermal energy service provider, the buildings will use the low carbon heating and cooling solution which, unlike conventional systems, will not require heating boilers or rooftop cooling towers. Additionally, geothermal eliminates the need for natural gas for heating, ensuring Exchange District is a true development of the future.
The project will bring off-grid energy to rental tenants in the development’s purpose-built rental tower, s well as guests of the planned boutique hotel structure, and, the 650 suites in the 66-storey EX3 condominium tower.
It will be the tallest residential development in the province to feature this innovative geothermal-based approach to sustainable energy service.
“The Exchange District is an award-winning community, celebrated for its careful urban planning, distinctive architecture, and smart design, not to mention its unparalleled, transit-oriented location in the heart of the Mississauga’s City Centre,” said Joseph Feldman, vice president of development at Camrost Felcorp.
“But in today’s real estate environment, we understand that those attributes are simply not enough for our market. Purchasers, renters, retailers and those who care about creating great communities, all agree that today’s communities must also be environmentally sensitive, sustainable and conscientious.”
The developer has also announced a partnership with Mitsubishi Electric to utilize the company’s state-of-art Variable Refrigerant Flow (VRF) system.
Mitsubishi’s proprietary City Multi water source VRF system revolutionizes the typical approach to HVAC systems in multi-residential towers, providing a premium HVAC solution typically seen in Class-A commercial settings, with features such as simultaneous heating and cooling as well as heat-recovery capabilities.