In a March 17 CNW press release, Waterfront Toronto announced that it will be launching the 4.9 hectare (12 acre) Quayside waterfront community, designed from the ground up to achieve “ambitious, high-level objectives” such as developing a more “sustainable, accessible, inclusive and prosperous” urban dwelling scheme.
“[Demand] for space continues to outpace supply. In response, the city’s post-industrial waterfront is transforming into a compelling destination with a number of high-quality residential and commercial developments, best-in-class technology infrastructure, and vibrant public spaces,” the news release stated.
Waterfront Toronto’s request for proposals will be looking for a funding partner, which can be “an individual organization, a joint venture, consortium or other legal arrangement.”
The community is meant to be a prototype for urban sustainability, resiliency, and innovation strategies by creating “a globally significant demonstration project that advances a new market model for climate-positive urban developments.”
Quayside will pilot “leading sustainability and resiliency practices that address local, national and global carbon emission reduction targets,” which will “incorporate technology advancements that enhance efficiencies and improve the overall quality of life for citizens, employees, students and visitors to the area.”
Waterfront Toronto added that the project will represent “a significant opportunity to generate prosperity by continuing to build the emerging technology-based economic hubs on the waterfront, including employers and job creators in the green technology, film and television production, digital media and information technology sectors.”
An urban revitalization organization in Toronto is now accepting proposals for its upcoming development, which will be a “testbed for emerging technologies, materials and processes” amid the city’s red-hot population and job growth.