Ontario Construction News staff writer
Waterfront Toronto has signed an agreement with Dream Unlimited Corp. and Great Gulf Group – Quayside Impact Limited Partnership (QILP) to develop a 12-acre site at Parliament and Queens Quay into housing and new public spaces, creating Canadaโs largest all-electric, zero-carbon master-planned community.
โThis agreement is another step toward Quayside becoming the world-class, complete community that Toronto was promised,โ Waterfront Toronto CEO George Zegarac says in a statement. โIt codifies the vision for this neighbourhood, and all the hopes that we heard from the public and from our partners in government: Quayside will be a community that is dynamic, inclusive and resilient.โ
QILP was selected in February through a competitive process and the plan includes:
- 800+ affordable housing units, with more than half being family-sized
- Affordable housing will be built in each phase of the development
- 3.5 acres of public space, including a car-free green oasis from Parliament Street to Bonnycastle Street to connect projects west towards Jarvis Street.
- Innovative low-carbon development, including Canadaโs largest tall-timber structure.
โEven as the economic climate makes development projects more difficult, the board was pleased to see how this deal advances Waterfront Torontoโs public good mandate and the important commitments made by all parties,โ said Jack Winberg, chair of Waterfront Torontoโs Investment and Real Estate Committee.
Quayside Impactโs original proposal for Quayside featured five towers, designed by architects including Sir David Adjaye, Alison Brooks, and Henning Larsen.
