The Daniels Corporation has announced plans for a new $700m waterfront mixed-use condo project at the former Guvernment Nightclub entertainment complex in Toronto.
The proposed Daniels Waterfront - City of the Arts will be located at East Bayfront, at the corner of Lower Jarvis St and Queens Quay East.
As part of the project, Daniels will develop a 1,320,000ft² 'live-work-play-learn-create' community that combines office, retail, residential, academic, and cultural components within two phases on the site.
The initial phase (south parcel), for which construction is scheduled to begin in May 2015, will see the development of 280,000ft² of commercial office space in two towers that will become home to mainstream businesses, including the Daniels' headquarters.
A 150,000ft² 'Creative Industries Hub' will also be developed to accommodate arts and cultural organisations, in addition to a 27,000ft² of retail space, including an RBC branch, as well as local and national brand stores, restaurants, and coffee shops.
Plans for second phase (north parcel) include 650,000ft² of residential space, with more than 900 suites in two towers.
The 48-storey Lighthouse Tower is expected to offer an exclusive connectivity package to the residents to the arts across the city.
The second phase will also have a 240,000ft² of post-secondary academic space.
By collaborating with George Brown College and OCAD University, Daniels is considering a potential partnership on a centre for innovation and commercialisation within this community.
Daniels is working with Waterfront Toronto and the City of Toronto. It aims to ensure that the design for the community exceeds the Bayside Urban Design Guidelines for the East Bayfront revitalisation.
Two architectural firms were selected by the company to help frame the overall composition of the site.
The academic component and the two residential towers were designed by Giannone Petricone Associates, and RAW Design created the office and retail components.
Daniels appointed Ken Greenberg of Greenberg Consultants to establish urban design and public realm principles.
Claude Cormier + Associates designed Sugar Beach North at Daniels Waterfront, which will be an active public amenity for outdoor gatherings of music, dance, and celebration.
'The Yard', a public amenity, will unite the north and south parcels of the site and serve as an east-west pedestrian connection between Lower Jarvis and Richardson Streets.
Waterfront Toronto president & CEO John Campbell said: "Daniels Waterfront - City of the Arts is a strong sign that waterfront revitalisation is well underway.
"I'm particularly pleased that this development is focused on providing needed space for Toronto's important arts and culture sector, which will help to make East Bayfront a more attractive place to live, work and play, and also support one of the city's important economic sectors."
Image: Northwest View of Daniels Corporation - City of the Arts. Photo: courtesy of Business Wire / The Daniels Corporation.