Item - 2015.ED3.5
Tracking Status
- This item was considered by Economic Development Committee on April 16, 2015 and was adopted without amendment.
ED3.5 - East Bayfront Waterfront Innovation Centre
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 28 - Toronto Centre-Rosedale
Committee Decision
The Economic Development Committee received the item for information.
Origin
Summary
This is an information report on the concept, process and next steps related to the development of a Waterfront Innovation Centre on City-owned lands adjacent to Sugar Beach in the East Bayfront (EBF) precinct (see key map).
The proposed Innovation Centre is planned as a private sector development aimed at bringing jobs to the waterfront. The purpose-built workspace would be dedicated to fostering innovation and collaboration in Toronto's rapidly evolving technology sectors.
Waterfront Toronto (WT) has entered into a Pre-Development Agreement with Menkes Developments Ltd. (Menkes) to put together a leasing plan and financial bid over the next 12-18 months for consideration by the WT Board and Toronto City Council. City staff will report through Executive Committee for approval at the appropriate time.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78715.pdf
Communications
(April 16, 2015) Presentation from John Campbell, Chief Executive Officer, Waterfront Toronto (ED.New.ED3.5.2)
https://www.toronto.ca/legdocs/mmis/2015/ed/comm/communicationfile-52325.pdf
Speakers
Councillor Pam McConnell