New Condominium Part of $1.1 b Mixed-Use Development Located on the
Waterfront in Downtown Toronto
TORONTO, June 5, 2013 /CNW/ - Tridel, Canada's leading condominium
developer and international real estate firm Hines, today released
details of their new condominium development called Aqualina at Bayside
Toronto, the first residential phase of a 13 acre mixed use development
called Bayside Toronto. Valued at over $1.1 billion, Bayside will be
the first neighbourhood in downtown Toronto to feature two million
square feet of residential, commercial and cultural uses, all on the
"Hines' master-planned approach to the neighbourhood- and the lifestyle
amenities and opportunities they envision for the site- make this not
only an incomparable condominium project for Tridel, but for the city,"
says Tridel President, Leo DelZotto.
Designed by world renowned architects, Arquitectonica, the 363 suite
condominium will spearhead Hines' ambitious plan to develop Bayside
Toronto into the premier neighbourhood on Toronto's downtown
"Aqualina will offer purchasers iconic architecture, distinctive
interiors, desirable amenities, and an unparalleled waterfront
location," says Jim Ritchie, Tridel's Senior Vice President of Sales
and Marketing. "As the only Waterfront Toronto site adjacent to the
lake, in East Bayfront, this site offers condominium purchasers a
tremendous value distinction. There are few condominium locations
which offer this intimate a connection with Lake Ontario, and fewer
still that are as fully integrated into the development of the
surrounding area as Aqualina at Bayside Toronto."
The largest private sector development to date as part of Waterfront
Toronto's mandate to revitalize the city's lakefront areas, Hines' plan
for the site includes the creation of more than two million square feet
(190,000m²) of commercial, retail, cultural and residential
"Hines was selected by Waterfront Toronto in 2010 to transform the site
into a dynamic yet sustainable mixed-use development, and to make it
Toronto's foremost waterfront neighbourhood. We see today's
announcement as a major step toward making Bayside Toronto a reality,"
says Avi Tesciuba, Hines' managing director, Hines Canada.
"Bayside Toronto is an integral part of our overall revitalization
efforts in East Bayfront which is fast becoming a vibrant new community
defined by extraordinary design, award-winning parks and public spaces,
sustainable development and leading edge telecommunications
infrastructure," said John Campbell, President and CEO of Waterfront
Aqualina at Bayside is a result of the creative vision of
Arquitectonica's New York office, an award winning architectural firm
based in Miami. The project is being led by the firm's partner
Bernardo Fort-Brescia who is bringing an innovative and distinctive
geometric approach to the exterior design of the 13-storey condominium.
Aqualina will be defined by a series of distinctive prismatic cubes made
of glass and steel, featuring facades accented by angled fenestration
and balcony designs intended to maximize views of the Toronto cityscape
The condominium's interior public spaces and amenity areas will be
designed by the award-winning Canadian firm of II BY IV Design
Associates. Landscape design for the condominium will be led by West 8
+ DTAH the award-winning team also responsible for the design of East
Bayfront's public realm including the streetscapes, water's edge
promenade and boardwalk.. West 8 + DTAH is also leading the design for
the revitalization of Queens Quay which includes a new south side
promenade, off-street Martin Goodman Trail and integrates the proposed
Light Rail Transit line through the community.
Aqualina Bayside will contain 363 condominium suites, ranging from
one-bedroom to three-bedroom residences designed with families in
mind. Suite sizes will range from 560 square feet (52m²) to just over
2,100 square feet (195m²).
Among the distinctive features of Bayside, is what is likely to be the
fastest residential Internet service in the city. Delivered by
Beanfield Condoconnect's ultra-high speed broadband fiber-optic
network, users will enjoy wireless speeds up to 100 megabits a second.
Aqualina at Bayside will pursue a LEED® Platinum designation and will be
part of Toronto's first LEED®-ND Gold neighbourhood.
Tridel, which was selected as the exclusive residential partner by
master developer Hines, has established a reputation as Canada's
leading environmentally sensitive, green residential developer earning
several industry awards and distinctions for its Built Green. Built
for Life®. approach, including being named BILD's Green Builder of the
Year five out of the past seven years.
This commitment to sustainable development is shared by Hines, who was
among the earliest supporters of the LEED program in North America,
having developed over 102 million square feet (9.4 million m²) of LEED
Certified, pre-certified and registered properties in six countries.
Image with caption: "From left to Right: John Campbell (President and CEO, Waterfront Toronto), Avi Tesciuba (Vice President, Hines), Leo DelZotto (President, Tridel) (CNW Group/Tridel)". Image available at: http://photos.newswire.ca/images/download/20130605_C5343_PHOTO_EN_27559.jpg
Image with caption: "Aqualina at Bayside Rendering - Aerial View (CNW Group/Tridel)". Image available at: http://photos.newswire.ca/images/download/20130605_C5343_PHOTO_EN_27560.jpg
Image with caption: "Aqualina at Bayside Rendering (CNW Group/Tridel)". Image available at: http://photos.newswire.ca/images/download/20130605_C5343_PHOTO_EN_27561.jpg
For further information:
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