EnviroTO
Senior Member
CanadianNational said:I didn't know the north side was held up by private owners. I guess I just assumed that WaterfrontToronto had just proceeded to snap it all up, kit and kaboodle by now.
Waterfront Toronto isn't buying up lands unless they are where a public amenity or infrastructure is slated to go. Parkside / Monde was only pushed by Waterfront Toronto because it was part of the property required to build Sherbourne Commons North. Really with Bayside now out for development there are only three small parcels of developable land left in the East Bayfront that Waterfront Toronto is responsible for (a small parcel in along Queens Quay in front of Sugar Beach, a small parcel in front of Corus, and a small parcel in front of George Brown). Once the road and LRT are put in and boardwalk installed there is nothing for Waterfront Toronto to do but move on to Keating Channel Precinct.
Interesting, looks like everyone else wants in.
They can want in all they want but in East Bayfront that means getting other property owners in the area to sell, such as FedEx and Downtown Mazda. The next opportunity for other developers using land Waterfront Toronto will put out to bid are likely some properties in West Don Lands post 2015 if there are any remaining that the province still owns, and on the east side Keating Precinct in the lands 3C Lakeshore doesn't own.