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Quayside Development Opportunity

A globally significant community showcasing advanced technologies and building materials that will encourage market transformation towards climate-positive urban development.

Quayside Development Opportunity

Quayside is an approximate 4.9-hectare (12-acre) development site situated along Toronto’s eastern waterfront, within walking distance of the vibrant central business district. Waterfront Toronto is looking for an Innovation and Funding Partner to help create and realize an unparalleled vision for Quayside, and to materially contribute to project funding. When complete, Quayside is envisioned as an exemplary waterfront community that achieves precedent-setting standards of sustainability, resiliency, innovation, inclusivity and design excellence.

Toronto

Toronto is consistently a top-ranking city in terms of global competitiveness, innovation and quality of life. It is the fourth largest city in North America and continues to attract more than 100,000 new residents annually. As the downtown experiences sustained population and job growth, 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 and cultural spaces.

The eastern waterfront, spanning more than 300 hectares (750 acres) and just minutes from downtown, represents the next stage of this transformation and presents a unique opportunity to create a variety of large-scale, mixed-use neighbourhoods. Few cities have such a large swath of undeveloped waterfront land in the heart of the city.

 

Quayside Development Opportunity

The first development area within the eastern waterfront is Quayside. At 4.9 hectares (12 acres), Quayside is ideally suited to pilot new solutions – such as emerging infrastructure models, building technologies and industry partnerships – to common urban challenges, including the imperative to address climate change and the increasing disparity in housing affordability. Our aim is to establish Quayside as an international showcase that will validate innovative solutions for inclusive housing, improved energy conservation and carbon reduction, resiliency, job growth and design excellence

Partnering Opportunity

We are looking for an Innovation and Funding Partner to help create and realize an unparalleled vision for Quayside, and to materially contribute to project funding. Together, we will conceptualize and plan the development of Quayside, identifying and defining the necessary partnership model, strategies, infrastructure, measurable outcomes and downstream partners that will ensure it is a globally-significant demonstration project that addresses key challenges:

  • Sustainability, Resiliency and Urban Innovation
  • Complete Communities
  • Economic Development and Prosperity

The project is aspirational, yet will also have a sound business rationale. Partnering at this early phase of the project does not preclude participation in future phases of waterfront development. There will be a number of opportunities to be involved as the project progresses from concept to implementation. Waterfront Toronto intends to remain engaged in the master development process, and work with multiple partners to make Quayside a reality.

Do you want to be at the forefront of transformational city building? Tell us how you can contribute to Quayside’s success.

This 30-second animation gives an idea of what Toronto’s revitalized waterfront might look in the future – from East Bayfront to Quayside.

Read More+ Read Less-

RFP REGISTRATION

This Request for Proposals (“RFP”) was an invitation by Toronto Waterfront Revitalization Corporation (“Waterfront Toronto”) to prospective firms to submit proposals for the Innovation and Funding Partner for the Quayside Development Opportunity. At this stage Waterfront Toronto is seeking innovation and technology partners, equity investors and infrastructure-oriented funds to help initiate the business plan and phasing strategy for Quayside. Vertical real estate development partners, such as developers, architects, planners and contractors, will be sought through subsequent RFPs. The RFP can be accessed here.

The deadline for interested firms with the requisite experience and resources to submit their proposals for this RFP was April 27, 2017. This opportunity is now closed and a Blackout Period remains in effect until the final contract is awarded.

To ensure that the procurement process is fair, open and transparent to all Proponents, there shall be no communication between Waterfront Toronto, its consultants or contractors and the Proponents during the Blackout Period, with the exception of the RFP Contact noted below. Lobbying during the procurement process will not be permitted and may result in disqualification.

Contact: Betty Leung, Procurement Manager
Submit all inquiries via Email to: quayside@waterfrontoronto.ca

Waterfront Toronto
20 Bay Street, Suite 1310
Toronto, Ontario
M5J 2N8

About Waterfront Toronto

The revitalization of Toronto's waterfront is the largest urban redevelopment project currently underway in north America, and it is one of the largest waterfront revitalization efforts ever undertaken in the world.

Waterfront Toronto was established by the Government of Canada, the Province of Ontario and the City of Toronto in 2001 to oversee and lead the renewal of the city’s waterfront. Our mandate is to deliver a revitalized waterfront that brings together the most innovative approaches to sustainable urban development, excellence in urban design, real estate development and leading technology infrastructure. 

Working with the community, and with public and private-sector partners, Waterfront Toronto creates sustainable mixed-use communities anchored by dynamic parks and public spaces that offer a high quality of life for residents, employees, and visitors alike. We are transforming the waterfront for the use and enjoyment of the people of Toronto, Ontario and Canada, to foster economic growth and to redefine how the city, province and country are perceived by the world.

Spanning 800 hectares (2,000 acres), the revitalization of Toronto’s waterfront is the largest urban redevelopment project currently underway in North America, and is one of the largest waterfront revitalization efforts ever undertaken globally. To date, Waterfront Toronto and its partners have invested over $4 billion in new parks and public spaces, critical infrastructure and the development of new mixed-use communities.

 

To learn more about us, please visit our www.waterfrontoronto.ca

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