Waterfront Toronto Chooses Next Great Toronto Neighbourhood

It was announced yesterday that Waterfront Toronto has officially chosen the Hines Toronto real estate firm to develop the Next Great Waterfront Neighbourhood. The new neighbourhood will be on 10 acres of waterfront land between Parliament and Lower Sherbourne Streets, south of Queens Quay Boulevard.

The Toronto East Bayfront area currently.

The currently underutilized land will be turned into a mixed-use neighbourhood with 1,700 homes, retail and plenty of entertainment destinations for the East Bayfront area.

There was heated competition for designers and corporations bidding for bragging rights to help develop the land, which is the largest area ever developed by Waterfront Toronto. Hines won approval from the Toronto city council after putting together a design team that includes a leader who worked on the Petronas Twin Towers in Kuala Lampur and the World Financial Center in Manhattan.

The revitalization of Toronto’s waterfront and putting the city on the map as a true waterfront destination continues! And not forgetting the cold winters, this waterfront area will have a winter garden and intimate nooks and crannies for visitors to escape the weather. Another architect working on the project also mentioned that they are aiming to make the area “the most walkable neighbourhood in all of Toronto.”

An artist's rendering of the future Toronto East Bayfront area.

The entire project is expected to be completed by 2021, but the project will be constructed in phases, with some buildings being ready for occupancy by 2014.

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