Hines has begun speculative construction on the workplace component of their Bayside Toronto waterfront master-planned community with the groundbreaking of T3 (Timber, Talent and Technology) Bayside.
The first of two twin, heavy timber office buildings at Bayside Toronto, T3 Bayside will be constructed using a sustainable mass timber structure, and feature market-leading amenities, all designed with the goal of delivering a completely differentiated tenant experience. At full completion, the two T3 Bayside buildings will feature over 500,000 sq. ft. of next generation office space.
“With the groundbreaking of T3 Bayside today, we deliver on the commitment we made to Waterfront Toronto and to the City of Toronto to bring employment use to the water’s edge,” says Avi Tesciuba, senior managing director, Hines. “We are humbled and proud of the role Bayside has played in kick starting a whole wave of development along the eastern waterfront as we deliver a truly mixed-use community that will also include affordable rental housing, a day care facility and a recreation center.”
T3 Bayside is the latest in a global series of creative, mass timber workplaces built with Hines’ visionary concept. Phase One will bring 251,000 sq. ft. of commercial office space to Toronto’s eastern waterfront in early 2023, and feature 30,000 sq. ft. floorplates.
The buildings were designed by 3XN, after the studio emerged as the winner of an international design competition. CBRE Limited has been awarded the marketing and leasing of Phase One.
“The work we do focuses on building complete communities,” said George Zegarac, President and CEO of Waterfront Toronto. “We are building a waterfront where everyone can access the water, lush green park spaces to enjoy, places for all kinds of families to call home. T3 Bayside is a great example of the innovative approach we have taken over the past two decades to promote environmental sustainability as part of the foundation of our development projects.”
Hines was named the master developer of Bayside Toronto, following an international competition by Waterfront Toronto. The real estate investment firm brought Tridel on as its exclusive residential development partner at Bayside.
Once complete, Bayside Toronto will include two million square feet of new residential housing, including market condominiums and housing, modern office space, shopping and restaurant destinations and cultural venues.