Waterfront Toronto

Waterfront Toronto (incorporated as the Waterfront Revitalization Corporation), is an organization administering revitalization projects along the Toronto waterfront. Formed as a partnership between the City of Toronto, Province of Ontario and Government of Canada in 2001, the organization is administering several blocks of land redevelopment projects surrounding Toronto Harbour and various other initiatives to promote the revitalization of the area, including public transit, housing developments, brownfield rehabilitation, possible removal of the Gardiner Expressway in the area, the Martin Goodman Trail and lakeshore improvements and naturalization of the Don River. Actual development of the projects is done by other agencies, primarily private corporations. The projects include a series of wavedeck walkways and gathering places designed by West 8 and DTAH.
Organization.
The 'Waterfront Revitalization Task Force', a task force of the municipal, provincial and federal governments was established in November 1999 to study the future of the Toronto waterfront. The task force, headed by financier Robert Fung, reported in March 2000. It estimated the total cost of revitalization at billion in public investment and a further billion in private sector investment. It proposed the following general recommendations for the Toronto waterfront:
Source: City of Toronto.
The Toronto Waterfront Revitalization Corporation was formed in 2001 to oversee and lead waterfront renewal. It has subsequently been renamed "Waterfront Toronto." The agency is jointly funded by the three levels of government. The agency is overseen at the federal level by the Department of Finance, at the provincial level by the Ministry of Energy and Infrastructure, and at the municipal level by the Waterfront Project Secretariat.
The organization is directed to support the following policy objectives of the three levels of government:
Source: Waterfront Toronto
Governance.
The interim President and CEO is Michael Nobrega, who was formerly the President and CEO of the Ontario Municipal Employees Retirement System (OMERS), one of Canada’s largest pension plans with more than billion in assets. The organization is governed the following board of directors:
Source: Waterfront Toronto
Projects.
Corus Quay.
Corus Quay, originally named First Waterfront Place, is an eight-storey commercial office tower located on a Toronto waterfront site. Corus Quay is Corus Entertainment's new Toronto headquarters, consolidating its 10 locations and 1,200 employees into one site. The building is a collaboration between the Toronto Waterfront Revitalization Corporation and the Toronto Economic Development Corporation. The East Bayfront Precinct, where the building is located, is intended to be an important public destination as well as provide a range of housing and commercial opportunities.
The development achieved LEED (Leadership in Energy and Environmental Design) Gold status for the project's environmental sustainability. The LEED rating system recognizes leading-edge buildings that incorporate design, construction and operational practices that combine healthy, high-quality and high-performance advantages with reduced environmental impacts. In addition, Corus Quay has several green roof areas, a massive five-storey green living wall, 100 bicycle parking spaces, and public art installations created by award-winning U.K. artists, Troika.
Other projects.
Future projects include: