WATERFRONT TORONTO DEVELOPMENT AGREEMENT

Dec 12, 2022

By Angus Gillespie

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Waterfront Toronto has approved an agreement with two companies that will develop a swath of lakeside land a Google affiliate once hoped to turn into a high-tech neighbourhood.

The organization overseeing the city’s waterfront says the agreement with Dream Unlimited Corp. and Great Gulf Group. to develop the 12-acre neighbourhood known as Quayside was endorsed Thursday.

The companies together known as Quayside Impact Limited Partnership say the neighbourhood they will develop will be Canada’s largest all-electric, zero-carbon master-planned community.

Waterfront Toronto’s announcement comes after Google affiliate Sidewalk Labs walked away from developing the land in May 2020 because of what it called “unprecedented economic uncertainty.”

(with CP Files)

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