There are dozens of projects going up in Toronto at any given time and it isn’t every day that the Mayor of Toronto is on hand to celebrate the beginning of construction of a project. But on May 22nd, Mayor John Tory was at the ceremonial ground breaking for Aqualina at Bayside as held today at the water’s edge. With the sound of water lapping at the shore, Mayor John Tory, Deputy Mayor Pam McConnell, Waterfront Toronto Vice President of Development Meg Davis, Hines Country Head Avi Tesciuba, Tridel President Leo DelZotto, and Artscape CEO Tim Jones all had something to say to the assembled guests and media professionals.
Mayor Tory acknowledged that this project is different, it consists of eight buildings in the 13-acre Bayside Toronto project.
The 13-storey condominium, developed by Tridel and Hines, is unique in its design. It is very mixed used and is expected to draw in and appeal to a cross-section of residents from artists to hipsters looking to dabble in urban agriculture.
It envisages a good number of residents working from home and with the waterfront-wide ultra-high speed fibre-optic network that should be no problem. In all there will be 362 units inside the development range in size from 548 square feet to 1,343 square feet, with remaining suites selling from $370,500 up to $1.4 million.
“As you might expect, the Mayor of the city doesn’t come to the ground breaking for every project, there’s so many projects going on you couldn’t possibly be there for all them. But I select instead the ones that I think are different, to say ‘this is special, there’s something going on here that we should take note of.’ It’s about parks, public institutions and jobs, but it’s really about bringing the community together, and I think that this project is going to help do that,” said Tory.
The Central Waterfront Secondary Plan mandates that at least 20% of all new residential units be affordable rentals. The second residential project to rise in Bayside, Aquavista, will contain 80 affordable rental housing units operated by Artscape. In total, 1,800 units within six residential buildings plus two office buildings will make up the Bayside development. With construction now underway, Aqualina has been tentatively scheduled for Summer 2018 occupancy.