Waterfront Toronto has launched an international competition to find a development partner for the Quayside lands.
Waterfront Toronto issued a request for qualifications (RFQ) to identify potential developers to build the Quayside project.
The RFQ submission deadline is May 12, 2021. Waterfront Toronto aims to select a winning proponent before the end of 2021.
The Quayside site totals 4.9 hectares (12 acres), including 3.2 hectares (8 acres) of developable land across five development blocks. It is one of the last undeveloped expanses of land steps from Toronto’s downtown.
“The people of Toronto have told us that they want to see a bold vision realized on the waterfront that reflects the confident, welcoming, and imaginative civic spirit of our city,” said Stephen Diamond, Chair of the Board for Waterfront Toronto.
“We are looking for leaders in the development field that will share our ambition to create a place that fuses Quayside to the water, and provides more beauty, utility, and originality than previously imagined. We want Quayside to be timeless, adaptive, and to propel us into our rightful place among the great waterfronts of the world,” added Diamond.
“Quayside is an opportunity to reimagine a stronger economic future and create a post-pandemic landmark community that addresses many of the vulnerabilities that the COVID-19 crisis has exposed,” said George Zegarac, CEO for Waterfront Toronto.
“The past year has driven people apart, when they’d rather be together. We’ll know we have been successful when anyone who’s ever thought about moving away from the city looks at Quayside and remembers every reason they wanted to live in Toronto in the first place,” Zegarac added.
Waterfront Toronto was established by the Government of Canada, the Province of Ontario and the City of Toronto to oversee and lead the renewal of the city’s waterfront.