A 1.3-million sq. ft. ‘City of the Arts’ will soon rise on TORONTO’s eastern waterfront. Developed by Daniels Corporation, the company that’s transforming Regent Park into a new community, the project is to be built in two phases. The south phase, nearest the lake, will include office space in two buildings, retail space at ground level, and a 150,000-square-foot Creative Industries Hub that will house a cluster of arts organizations.
Non-profit (and very active) arts development organization Artscape is moving into the complex, along with a talent management firm, an entertainment law firm, Manifesto (whose programs empower disadvantaged youth through arts and culture), and the Remix Project (a non-profit organization working with youth in the creative sector). Daniels Corporation plans to relocate here as well.
The second phase will consist of 900 apartment suites within two towers. One, named the Lighthouse Tower, will rise 48 storeys above the harbour. Sales will begin in the fall.
A cutting-edge new building is about to start construction next to Sugar Beach on TORONTO’s waterfront. The project, on former industrial lands, will anchor this city’s place in North America’s high tech sector. We’re #3, behind New York and San Francisco. It’s estimated that 2,000 information/technology employees will work in the building.
At the heart of the Waterfront Innovation Centre is an ultra-high-speed broadband fibre-optic network, delivering Waterfront-wide internet connection speeds exponentially faster than the North American average.
In line to benefit from this new building and its attendant facilities – film and television post-production companies, health care professionals, digital animators, and companies focused on sharing very large sets of data in real time.
Development of the Waterfront Innovation Centre is targeted to begin in late 2016, once approvals are secured.
<IMAGES – Waterfront Innovation Centre – Menkes Developments Ltd., CNW Group, Waterfront Toronto>