{"id":1004116942,"date":"2015-04-06T07:11:02","date_gmt":"2015-04-06T15:11:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004116942"},"modified":"2022-12-01T21:29:21","modified_gmt":"2022-12-02T05:29:21","slug":"international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\/","title":{"rendered":"International: Developer Lines up Ambitious Redevelopment Project for Toronto\u2019s Waterfront"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/i><\/p>\n

Toronto\u2019s waterfront industrial area is set to be transformed into a $560 million new arts hub. The Daniels Corp. is heading the project that would create about 1.3 million square feet of space accommodating arts and media venues, as well as a housing component comprised by two residential towers.<\/p>\n

Set to take shape on a plot of land that previously housed the country\u2019s largest nightclub, the new development is intended to accommodate around 1,500 residents and create the context for roughly 5,000 jobs, according to Bloomberg Business<\/i>. Large retail and office components will be part of the offering at the 1.32 million\u2013square-foot waterfront project, set to be known as Daniels Waterfront \u2013 City of the Arts.<\/p>\n

The project will feature two condominium high-rises of about 38 stories, and will total two entire city blocks, in the proximity of the city\u2019s financial district. Units will start at the price of $222,000, for 350 square feet. As part of the project\u2019s aim to create a new arts community, the developers will build an outdoor events space located near a sugar factory and port, as well as a public walkway. The project will draw inspiration from similar initiatives involving remodeled waterfronts and will prominently feature brick and glass, part of its industrial neighboring.<\/p>\n

The private venture will probe the possibility for future public projects aiming to rejuvenate Toronto\u2019s waterfront, with the ultimate goal being to create a development boom in the styles of those seen in Boston and Vancouver. Those cities replaced their aging industrial waterfronts with a tech hub and a lifestyle district, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto\u2019s waterfront industrial area is set to be transformed into a new arts hub. <\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,16,21742],"tags":[],"class_list":["post-1004116942","post","type-post","status-publish","format-standard","hentry","category-development","category-international","category-latest"],"acf":[],"yoast_head":"\nInternational: Developer Lines up Ambitious Redevelopment Project for Toronto\u2019s Waterfront - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International: Developer Lines up Ambitious Redevelopment Project for Toronto\u2019s Waterfront\" \/>\n<meta property=\"og:description\" content=\"Toronto\u2019s waterfront industrial area is set to be transformed into a new arts hub.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-06T15:11:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T05:29:21+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"International: Developer Lines up Ambitious Redevelopment Project for Toronto\u2019s Waterfront\",\"datePublished\":\"2015-04-06T15:11:02+00:00\",\"dateModified\":\"2022-12-02T05:29:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\\\/\"},\"wordCount\":275,\"commentCount\":0,\"articleSection\":[\"Development\",\"International\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-developer-lines-up-ambitious-redevelopment-project-for-torontos-waterfront\\\/\",\"name\":\"International: Developer Lines up Ambitious Redevelopment Project for Toronto\u2019s Waterfront - 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