Toronto’s East Bayfront, one of the world’s most significant new waterfront communities.
Toronto’s waterfront is the largest urban revitalization project in North America.
The vision behind the revitalization is to bring together innovative approaches to sustainable development along the blue edge of Lake Ontario and the fastest growing metropolitan centre in Canada. The concept of putting people first, and transforming the Toronto waterfront to enhance under utilized land into vibrant public and cultural spaces is a bold undertaking that is now starting to take shape.
The private sector and public sector are teaming up to invest in the future of Toronto Waterfront, and positive economic returns are coming from the creation of new jobs, parks and public spaces, and waterfront residential dwellings.
Quick facts about East Bayfront
Boundaries: From Lower Jarvis Street to Parliament Street, Lake Shore Boulevard to Lake Ontario
Size: 23 hectares (55 acres)
Proximity: 15 minute walk to Union Station
- 6,000 new residential units
- 3 million square feet of commercial space
- 8,000 new jobs
- 5.5 hectares of parks and public spaces
- 1 km continuous water’s edge promenade
High profile private sector commercial and residential developers have already begun sales and construction of new multiphase mixed use developments. The list of developers include:
- Hines Canada (Bayside community)
- Tridel (Bayside community)
- Toronto Economic Development Corporation (Corus Quay)
- Great Gulf Homes (Monde community)
- Daniels Corporation (City of the Arts community)
- George Brown College (Waterfront Campus, Health and Sciences Building)
- Menkes (Waterfront Innovation Centre)
Once completed, the assessed value of the East Bayfront and West Donlands developments will amount to almost $4.8 Billion. There is significant momentum built up in the downtown waterfront revitalization. Decades of planning are now reaching the tipping point of shovels in the ground and major new completed developments. Being within walking distance to the downtown core, Union Station and Lake Ontario are all key reasons why the revitalization is happening now.
The first release of new condominiums being offered by the Daniels Corporation are at the Lighthouse Tower this Fall, with suites starting from $279,900. Connect with me to RSVP for our VIP Preview Event on September 30th at 7pm with the presentation starting at 7:30pm. If you are an international purchaser please message me for details on the process.