M City’s owner and developer is Rogers Real Estate Development Limited. The corporation is associated with a set of entities that represent the private holding companies of the Rogers family. Ted Rogers, one of Canada’s greatest business titans, founded Rogers Communications Inc., a well-known, publicly listed, diversified Canadian communications firm.
With the construction of M City, Rogers’s long legacy in Mississauga will continue. Ted Rogers acquired 43 hectares of property in Mississauga in the 1960s for the placement of transmitters for one of his early businesses, radio station CHFI. CHFI remains Toronto’s most popular radio station. In the early 1990s, when the transmitters were moved, Ted held the property and “sold the most of it to house builders.” In 2002, the present site was rezoned to allow for a larger range of land uses, including greater residential construction. Rogers Real Estate Development Limited has hired Urban Capital to manage the construction of M City. They think that the inauguration of M City will serve as a catalyst for downtown Mississauga, and they consider themselves lucky to have the chance to turn a long-held family asset into a new, flourishing neighborhood in the city’s booming core. Source: Rogers Real Estate Development Limited