Saturday 22 December 2012

Hines Canada East Bayfront Proposal is Huge!!

Hines Canada - Their East Bay Front Proposal is Huge



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This post is regarding the redevelopment of the East Bayfront of the Don Lands, and the mouth of the Don River. This is a huge development which will have a major impact on the size of downtown, as these current browfields are remade into idealic living settings for thousands of new residents to Toronto.

Hines Canada, a subsidary of the US Real Estate Giant Hines, is in the process of preparing a plan for subdivision applications for the East Bayside Lands. They will through the retention of various consultants and advisors to address issues such as traffic, infastructure servicing and community facilities. Part of this process will involve Hines and Waterfront Toronto meeting with City Hall Staff to ensure that the application addresses all issues that have immediate impact on those lands. In support of the Hines Application, Waterfront Toronto will retain consultants for enviromental consultants to ensure that all approvals are in place for the development when construction is set to commence.

The project was to have commenced this year, however due to market conditions not being right at this moment I would look for work to begin sometime in late 2013 with sales of some condo projects beginning at that time as well.


Here is a rendering of what the masterplanned community may look like when it's been built out to it's fullest extent.




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