In West Don Lands and East Bayfront , the first two communities being built as part of waterfront revitalization, there are a number of development projects in various stages of completion.
Waterfront Toronto’s first private sector development project is River City in the West Don Lands. Developed by Urban Capital and designed by Saucier + Perrotte Architects and ZAS Architects, the $250 million to $300 million project includes more than 900 loft-styled condominium and townhouse units. Units are currently available for purchase through rivercitytoronto.com. Construction of River City is scheduled to begin in late 2010, with first phase occupancy slated for 2012.
The West Don Lands will also be the location for the 2015 Pan/Parapan American Games Athletes’ Village. The Games will attract more than 10,000 athletes to Toronto. The Athletes’ Village will include accommodations, sports facilities, retail, restaurants, a medical centre, banks, entertainment and other conveniences. Following the Games, the Athletes’ Village will become the heart of the West Don Lands community.
Opportunities to participate in the development of this project were detailed through a Request for Qualifications that was issued in fall of 2010. A Request for Proposals will be issued in early 2011.
Also in the West Don Lands, Waterfront Toronto has partnered with the Toronto Community Housing Corporation on the first phase of affordable housing in the neighbourhood. Construction of the complex is underway, and it will provide 243 units of housing for seniors and families when it is completed in early 2012. Toronto Community Housing Corporation is the largest social housing provider in Canada and second largest in North America.
In East Bayfront there are several projects under development. Construction is underway on a new state-of-the-art Waterfront Health Sciences Campus for George Brown College. When students begin classes for their first semester in September 2012, it will bring more than 3,500 full-time students to the waterfront. Designed by Stantec Architecture and Kuwabara Payne Blumberg Architects in a joint venture, the new campus will be among the first in Canada to be purpose-built for an integrated approach to
health care education where students from different professions learn together to support the province’s increased focus on collaborative term-based care.
The first private sector development in East Bayfront was announced in late 2009. Designed by world-renowned architect Moshe Safdie, the Monde Condominiums by Great Gulf Group of Companies will create a premier residential and commercial address overlooking Sherbourne Common. Ultimately, the project is expected to deliver a $200 million private sector investment in the community.
Bayside, a 4 hectare waterfront site in East Bayfront, is the largest parcel of land to be developed to date by Waterfront Toronto. Developed by Hines, one of the world’s premier real estate firms, Bayside will become an active and diverse mixed-use community connected by major parks and public space. Toronto City Council overwhelmingly approved the sale and lease agreements for the city-owned parcel in August 2010. The development will result in an $800 million private sector investment with approximately $1.6 billion in total economic activity.