Waterfront Toronto unveiled plans to build a massive $800-million neighbourhood Thursday.
Developers have dubbed the new neighbourhood Bayside, which will stretch along the water from Sherbourne to Parliament streets. Waterfront Toronto chose Hines, an American development company based in Houston, to build the project from a field of four finalists.
John Campbell, president of Waterfront Toronto, detailed the size of the project.
“The proposal to revitalize Bayside is the largest single development project undertaken to date by Waterfront Toronto,” Campbell said of the area that will cover about 10 football fields.
Plans include 1,700 condominiums, office space for 2,400 jobs, a boardwalk and public access to a green roof overlooking the water. The heart of the project is Bonnycastle Street, according to Stanton Eckstut, one of the principal architects.
Cesar Pelli, the project’s lead architect, gives the plans some star power. Pelli, former dean of Yale University’s school of architecture, designed the Petronas Towers in Kuala Lumpur. His partner, Fred Clarke, designed Manhattan’s World Financial Center.
Pelli wanted “to make the city reach the water comfortably – as part of the city, not as a foreign place. We see this as a place to live, to work, to visit, to shop, every day of the year, all day long.”
The City of Toronto’s executive committee unanimously approved the project on Monday. It will be presented for final approval at the upcoming city council meeting.