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Waterfront Toronto Announces Shortlist of Proponents for the Quayside Development Opportunity

July 21, 2021, Toronto, ON — In May, ten compliant submissions for the Quayside Development Opportunity Request for Qualifications (RFQ) were received. The number and quality of submissions is a clear indication that Toronto’s waterfront remains a desirable development destination, and that Quayside can and will contribute to the province’s post-pandemic recovery.

Following the evaluation of the ten (10) RFQ submissions received, four Proponent teams were selected to proceed to the Request for Proposals stage. They are:

Hines Canada Management II ULC
• Lead Developer: Hines Canada with Tridel Builders Inc.
• Lead Architect: Fosters + Partners

KMT Quayside Developments Inc.
• Lead Developer: Kilmer, Mattamy and Tricon
• Lead Architect: MVRDV, Cobe

Quayside Impact LP
• Lead Developer: Dream Unlimited Corp. and Great Gulf
• Lead Architect: Adjaye Associates, Alison Brooks Architects, Henning Larsen

The Daniels Corporation and Hullmark Developments Ltd.
• Lead Developer: The Daniels Corporation and Hullmark Developments
• Lead Architect: Diamond Schmitt Architects Inc.

The Shortlisted Proponents are being invited to respond to a Request for Proposals (RFP). Waterfront Toronto anticipates that the Preferred Proponent will be identified by the end of 2021. Waterfront Toronto would like to thank all the proponent teams for their submissions, our partners at the City of Toronto and CreateTO, the evaluation teams, and our Fairness Monitor, the Right Honourable Beverley McLachlin, P.C., C.C., CStJ, for their ongoing efforts to deliver the best result for Quayside and the people of Toronto.

About the Quayside Development Opportunity

The Quayside Development Opportunity is a 12-acre area located at the foot of Parliament Street and Lake Shore Boulevard East in Toronto. Waterfront Toronto launched an international Request for Qualifications (RFQ) on March 10, 2021. The deadline for Proponent teams to make a submission was May 28th, 2021. A shortlist of Proponents is being invited to participate in a Request for Proposals (RFP) stage. Following the evaluation of the submissions for the Request for Proposals, Waterfront Toronto expects to select a Preferred Proponent by the end of 2021 and enter into contract negotiations.

Media Contact:
Carol Webb
416-306-8657