A 13-acre, billion-dollar condo and office development is coming to the easterly waterfront

A 13-acre, billion-dollar condo and office development is coming to the easterly waterfront

A 13-acre, billion-dollar condo and office development is coming to the easterly waterfront

Despite signs that Toronto’s condo market is softening, two major developers are partnering to build a billion-dollar mega-development on 13 acres of waterfront south of easterly Queens Quay. Hines and Tridel plan to build two million square feet of office, retail and residential space over the next decade, including 1,900 condos ranging from $300,000–$2 million. The project is the most ambitious move yet in Waterfront Toronto’s effort to revitalize the east lakefront, which has already seen Corus Entertainment move in and George Brown build a gorgeous new waterfront building. However, the area’s potential to be the next “it” neighbourhood likely depends on the city’s ability to bring in new transit initatives, since it’s currently only served by buses running out of Union Station.