cityscape
Urban Toronto: Central Waterfront to Get a 75-Storey Condo Tower
Build Toronto partners with Tridel on the project, going into a wedge of land at the foot of York Street.
The history, design, and development of Toronto’s building projects, brought to you by Urban Toronto.
Vertical strips of windows are meant to evoke the Northern Lights in the design of Ten York.
Build Toronto and Tridel held a joint news conference at First Canadian Place yesterday morning to announce the creation of a joint partnership to build Ten York, a 75-storey condominium tower set at a major gateway to the city’s core.
Build Toronto has entered into a 20/80 partnership with Tridel to create Ten York, from which the City is realizing approximately $40 million for the sale of this difficult but strategic municipally owned site.
Build Toronto was established in May 2010 under then Mayor David Miller as an independent and self-funded real estate and development agency whose mandate it is to maximize the value of underutilized, surplus, City-owned real estate in a responsible, innovative, and integrated manner. The goal is for development of this property to not only deliver an immediate financial dividened to the City, but also achieve city-building returns which over time will improve the Harbourfront neighbourhood, enlarge the tax base, and enhance employment opportunities in the area. The agency selected Tridel as a partner after an RFP process in 2010.
Architect Rudy Wallman explained that he was attempting to capture the essence of the Northern Lights in his design, which features vertical bands of windows that will extend at different angles and will be clad in differing tones, catching the light at different intensities throughout the day.
See Urban Toronto’s full post on Ten York, with additional details from yesterday’s announcement and many more photos and renderings.