Living on the Water’s Edge: Toronto’s Lakefront Seeing Plenty of Development

Summer is the time for fun in the sun, and what better way to enjoy the surf and sand than from your own waterfront condominium.

Part of Waterfront Toronto’s massive revitalization initiative, the East Bayfront projects will transform an underutilized and quasi-industrial stretch of land along Queen’s Quay, east of Jarvis Street. Tridel’s Aquavista and Aqualina at Bayside condominiums are already underway at the foot of Parliament Street.

East Bayfront is the eastward extension of the recent revitalization of the water’s edge that includes Corus Quay, Sugar Beach, Sherbourne Common and the new George Brown College campus.

Plans were unveiled at a ceremony in March, marking the kickoff of the Daniels Waterfront — City of the Arts, a groundbreaking new community with a projected total cost of $700M.

Occupying the site of the former Guvernment nightclub, the mixed-use development promises to be the gateway to Toronto’s East Bayfront district.

Dominic Tompa is the president of City Life Realty, a Daniels subsidiary. “What’s unique about where we are is that we really act as a connector between the city core and the East Bayfront,” he says. “You’ve got access to the city that’s already very well established.”

Tompa says there are plans to extend Sugar Beach north along one side of the property. They’ve retained architect Claude Cormier, who designed the original Sugar Beach, “to have some continuity of what Sugar Beach looks like with the unique umbrellas, continued on the north side.”

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Top: Daniels is bringing back architect Claude Cormier to design Sugar Beach North, part of the Daniels Waterfront — City of the Arts project. Bottom: The Yard, a pedestrian laneway linking Jarvis and Richardson streets between two commercial buildings, will feature restaurants, cafés and stores. (Courtesy Daniels)

 

On the opposite side of the downtown is the Humber Bay Shores district where the Humber River meets the lake. This is an area undergoing rapid intensification — a veritable city of condos stretching along the water’s edge south of the Lake Shore.

Monarch Mattamy Homes has been an active player in this arena. Their latest projects, the 49-storey Lago residential tower, and Riva del Lago, a new midrise condo and townhouse development, are both currently under construction.

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The Lago condo tower on the left and Riva del Lago in the right foreground, two new condo projects by Monarch Mattamy Homes on the Humber Bay Shores. (Courtesy Monarch Mattamy)

 

“Monarch has so many buildings on the waterfront that we’ve got a real history there.” says Linda Robinson, highrise division VP at Monarch Mattamy.

“Riva Del Lago is 16 storeys and it’s a front building, so it’s right on the waterfront.”

Much has transpired since Metro last reported on the area, as Marine Parade Drive is on track to becoming a waterfront boulevard with walking and biking trails, restaurants and sailing clubs.

“It really is a lifestyle,” remarks Robinson.

 

Written By: Duncan McAllister