Lakeside Residences by Greenland Development coming soon to Toronto’s Waterfront
About this project:
Lakeside Residences by Greenland coming to Toronto Iconic Waterfront with a total of 7 towers on a 12 acre site. This is also the largest parcel in the East Bayfront. The proposal will also include 30,000 sq. ft. of retail space with 2000 new residences in the neighbourhood. The building is designed by Hariri Pontarini Achitects which also designed 1 Bloor Street East. , Artist Alley and Ontario’s Celebration Zone. In this project they used the interior design is by Cecconi Simone, which is known for simple but sleek design. The first release will consist of 2 towers and a podium component with 49 storeys and 39 storeys with a 14 storey podium.
The developer, Greenland is a public company that is originally from Shanghai. Greenland had built real estate around the world in world class cities like Beijing, Guangzhou, New York, London, Los Angeles, and Toronto. Greenland Group ranks 55th place among Top 500 China enterprises and 1st place among comprehensive enterprises centering on real estate.
Demographics of Toronto’s Waterfront
Toronto’s waterfront use to be for empty netters that enjoy having a second home while traveling. However as Toronto’s real estate started growing the area started attracting more young professionals that enjoy a more active life. With it’s proximity to the Martin Goodman’s the area attracts a lot of cyclists and environmentalists. Secondly, Google’s sister company, Sidewalk Labs announce plans for Toronto’s Quayside neighbourhood in partnership with Waterfront Toronto. The 12-acre site is immediately next door on Lake Shore runs from Bonnycastle Street to east of Parliament and will include 3.3 million sq. ft. of residential, office and commercial space plus a new headquarters for Google Canada.
About the Waterfront
- 93% walking score
- 98% transit score
- 100% bike score
- 3.3 Million Sq,. Ft. of potential residential, office and commercial space
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